CORPORATION BANK
Article Abstract:
Corporation Bank, Mangalore, Karnataka, has announced its unaudited (provisional) financial results for the first quarter ended June 30, 1998. (gs) --------------------------------------------------------- Corporation Bank:Unaudited Financial Results(Rs in crore) --------------------------------------------------------- Particulars Q1 1998-99 Q1 1997-98 FY 1997-98 (unaudited) (audited) --------------------------------------------------------- Interest earned 302.19 232.43 1,027.53 Other income 41.57 28.07 144.10 Total income 343.76 260.50 1,171.63 --------------------------------------------------------- Interest expended 194.14 150.71 639.16 Operating expenses 60.76 49.76 229.62 Provisions and contingencies 37.00 23.23 135.98 Total expenditure 291.90 223.70 1,004.76 --------------------------------------------------------- Gross profit 88.86 60.03 302.85 --------------------------------------------------------- Net profit 51.86 36.80 166.87 --------------------------------------------------------- Paid-up equity share capital 119.96 82.00 119.93 --------------------------------------------------------- Reserves (excluding revaluation reserves) 729.23 317.54 729.03 --------------------------------------------------------- Deposits 9,710.24 7,508.51 9,351.56 --------------------------------------------------------- Advances 4,251.08 2,847.23 4,302.79 --------------------------------------------------------- Investments 4,530.37 4,288.16 4,154.16 ---------------------------------------------------------
Comment:
Posts total income of Rs1,171.63 crore for FY1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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STATE BANK OF SAURASHTRA POSTS Rs150-CR NET
Article Abstract:
State Bank of Saurashtra has posted a net profit of Rs150 crore for 1997-98 (Rs138 crore for 1996-97). Its gross profit has increased by 8.7 percent in 1997-98. Its deposits increased to Rs3877 crore and advances to Rs2399 crore. Its non performing assets ratio is 6.5 percent and its credit deposit ratio is 61.86 percent. The bank targets a gross profit of Rs175 crore in 1998- 99. (rk)
Comment:
Posts net profit of Rs150 crore for 1997-98 compared to Rs138 crore for 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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