Ratnakar Bank profit zooms

Ratnakar Bank has posted a 112 per cent increase in net profit, helped by growth in deposits and advances.

For the full year ended March 31, 2012, the Kolhapur-based private sector bank reported a net profit of Rs 66 crore. Net advances grew 117 per cent to Rs 4132 crore and total deposits grew 132 per cent to Rs 4739 crore.