OUR STAFF REPORTER LAHORE - Meezan Bank has recorded 61 percent growth in its post-tax profit for the quarter ended March 31, 2011. The profit after tax for the quarter increased to Rs 586 million as compared to Rs 364 million in the corresponding quarter last year. The Board of Directors of Meezan Bank Limited in its meeting held on April 30, 2011 approved the financial statements of the Bank for the quarter ended March 31, 2011. Earnings per Share (EPS) for the period increased to Rs. 0.73 as compared to Rs. 0.45 in corresponding period last year. Total deposits increased by Rs. 4 billion over December 31, 2010 despite the fact that deposit growth is normally low in the first quarter. The income from core banking business increased by 37% to Rs 2.6 billion from Rs 1.9 billion recorded in March 2010, mainly because of concerted efforts by the Bank to increase its earning assets and an aggressive branch expansion strategy adopted since the last 5 years.