Nepal, Nov. 2 -- Eight national-level development banks earned a net profit of Rs 1.67 billion in the first three months of the current Fiscal Year (FY), which was more than double of the amount that they earned in the same period of the last FY.In the review period this FY, Lumbini Development Bank recorded the largest net profit, amounting to Rs 327.15 million. In the same period last FY, this bank had incurred a loss of Rs 348.58 million. Muktinath Development Bank secured the second-highest net profit, with its earnings increasing by 43.44 percent to reach Rs 322.42 million.

Similarly, Garima Bikas Bank earned a net profit of Rs 240.12 million, Kamana Sewa Bikas Bank earned Rs 231.16 million and Jyoti Bikas Bank earned Rs 200.16 mil...