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Fullerton India profit rises to Rs151.67 cr in 2012-13

1 min read . Updated: 19 Jun 2013, 10:03 PM IST Shruti Narayan

Gross non-performing assets dropped to 2.10% from 2.25% in the previous year. Photo: Pradeep Gaur/Mint

Net profit driven by a 22% increase in its loan book to Rs4,823 crore and a 20% rise in disbursements

Mumbai: Fullerton India Credit Co. Ltd, a subsidiary of Singapore-based sovereign wealth fund Temasek Holdings (Pvt.) Ltd, said on Wednesday net profit rose to Rs151.67 crore in 2012-13 from Rs49.79 crore in the previous year, driven by a 22% increase in its loan book to Rs4,823 crore and a 20% rise in disbursements.

Gross non-performing assets dropped to 2.10% from 2.25% in the previous year.

“We plan to invest further in expanding our branch network, especially in under-served and under-banked rural geographies and expect to add about 30 new branches this year," Fullerton India said in a statement.

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