BANK OF MADURAI LTD
Article Abstract:
Bank of Madura Ltd has announced its audited financial results for the year ended March 31, 1998. The company has proposed a 50 percent dividend for the year, which is subject to RBI approval. (gs) -------------------------------------------------------- Bank of Madura Ltd:Audited Financial Results(Rs in crore) -------------------------------------------------------- Particulars 1997-98 1996-97 -------------------------------------------------------- Net interest income 80.92 78.51 -------------------------------------------------------- Other Income 88.78 52.15 -------------------------------------------------------- Total Expenditure 70.72 58.98 -------------------------------------------------------- Gross Profit before depreciation and provisions 98.98 71.68 -------------------------------------------------------- Depreciation 25.22 20.67 -------------------------------------------------------- Net Profit 34.19 26.18 -------------------------------------------------------- Paid-up Equity share capital 11.77 11.61 -------------------------------------------------------- Reserves excluding Revaluation Reserves 141.41 112.13 -------------------------------------------------------- Deposits 2,772.71 1,930.87 -------------------------------------------------------- Advances 1,277.96 1,148.18 --------------------------------------------------------
Comment:
Posts increase in net profit to Rs34.19 crore for year ended 3/31/98 vs net profit of Rs26.18 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
BOI's H1 PROFITS PLUNGE 54%
Article Abstract:
Bank of India has posted 54 percent drop in net profit to Rs101 crore in the first half year of 1998-99. In the global market it has mobilised deposits of Rs41,976 crore registering a growth of 25.6 percent over the corresponding deposits in 1997- 98. Its gross global advances were at Rs23,863 crore. In the local market, the bank has raised deposits of Rs33,223 crore while advances were at Rs17,922 crore. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: BHUSHAN STEEL & STRIPS LIMITED JISCO NET PROFIT DOWN 37% TATA SSL CUTS DOWN LOSS TO Rs4.58 CRORE
- Abstracts: HOMEWARD BOUND KG DENIM H1 NET PROFIT SLIPS 75%
- Abstracts: DECISION ON UREA TO HIKE FARM SUBSIDY SWC NETS PROFIT IN Q2. UP SETS UP DEDICATED ROAD FUND
- Abstracts: MASKARA INDUSTRIES: A DIVERSIFIED BOTTOMLINE GAIL's NEW PETROCHEM PLANT GOES ON STREAM. MASKARA INDUSTRIES - DIVEST YOUR SHARES
- Abstracts: HIND ANTIBIOTICS, MAX GB ROW HOTS UP. HIND SHIPYARD TARGETS 40% CUT IN WORKFORCE HIND INDUSTRIES: FRESH MEAT BUT NOT ENTICING