BANK(ING) EXTRAORDINARY
Article Abstract:
The deposits of the Corporation Bank (CB) increased to Rs9,300 crore in 1997-98 (Rs2,850 crore in 1992-93). Its total business is expected to grow at a CAGR of 27 percent in the next 2 years. Its deposits have increased by 40 percent growth, compared to 18.9 percent of the industry and advances by 43 percent (18.9 percent). It established CorpBank Homes Ltd, its housing finance subsidiary, in May 1998. It has 581 branches, mostly in the western and southern regions of India. (gs) --------------------------------------------------------- Financial results of Corporation Bank --------------------------------------------------------- Particulars 1996-97 1997-98 (Rs in crore) --------------------------------------------------------- Total income 938.00 1,172.00 --------------------------------------------------------- Net profit 123.00 167.00 --------------------------------------------------------- EPS (Rs) 15.00 13.90 --------------------------------------------------------- Book value (Rs) 48.70 70.80 ---------------------------------------------------------
Comment:
Reports increase in deposits to Rs9,300 crore in 1997-98, as against Rs2,850 crore in 1992-93
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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FEDERAL BANK TOPS PRIVATE BANK CHARTS
Article Abstract:
Federal Bank (FB) of Aluva in Kerala has claimed to be the largest private sector bank. It is competing with Vysya Bank of Bangalore for the top place in the private banking sector. (gs) --------------------------------------------------------- Federal Bank and Vysya Bank: A Comparison for 1997-98 (Rs in crore) --------------------------------------------------------- Particulars Federal Bank Vysya Bank --------------------------------------------------------- Total Deposits 6,424 5,749 --------------------------------------------------------- Net Credit level 3,921 2,573 --------------------------------------------------------- Net Profit 50.28 75.52 ---------------------------------------------------------
Comment:
Claims to be the largest private sector bank w/ total deposits of Rs6,424 crore vs Vysya Bank's total deposits of Rs5,749 crore
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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