Maubank’s profits double

Maubank has posted profits of Rs50M for the quarter ending March 31, 2021 compared to Rs20M during the same period last year, Defi Media reported.
It cited Chief Executive Premchand Mungar as stating that the “bank has maintained growth over the past fifteen months despite the economic situation and a difficult business climate.” 

He reportedly said the bank has also reviewed its “risk management parameters” to include the potential impact of COVID-19.