IDBI BANK REPORTS FIVE FOLD RISE IN NET
Article Abstract:
IDBI Bank operating in the private sector saw its net profit increase five fold to Rs20.05 crore in 1997-98. Deposit mobilisation grew three times by Rs1,340 crore. Advances of IDBI have risen about two fold to Rs843 crore from Rs495 crore. Its investments improved four fold from Rs196 crore to Rs847 crore. Net non performing assets (NPAs) declined from one percent of its net advances to 0.3 percent in 1997-98. Earnings per share (EPS) went up to Rs2 from Rs0.36. The capital adequacy ratio of the bank declined from 17.9 percent to 9.82 percent. (uh) ------------------------------------------------------------ IDBI Bank: Financial Results (Rs in crore) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Total income 166.88 49.93 ------------------------------------------------------------ Total Expenditure 135.67 40.25 ------------------------------------------------------------ Gross profit 31.21 9.68 ------------------------------------------------------------ Profit Before tax 27.24 7.21 ------------------------------------------------------------ Tax 7.19 3.54 ------------------------------------------------------------ Net profit 20.05 3.67 ------------------------------------------------------------
Comment:
Posts net profit of Rs20.05 crore in 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SINAR MAS NET PLUNGES; IDBI PUTS NOMINEE ON BOARD
Article Abstract:
Sinar Mas Paper & Pulp (India) Ltd, a 100 percent subsidiary of Asia Paper & Pulp of Indonesia, has incurred a net loss of Rs147 crore for the year ended December 31, 1998. Company posted sales turnover of Rs188 crore. In order to closely monitor the future performance of the company in the country, the Industrial Development Bank of India (IDBI) has inducted Mr B D Ushir on the company's board. IDBI, Exim Bank and ICICI together have lent $100 million to Sinar Mas. Sinar Mas incurred a cash loss of Rs119 crore for the year ended December 31, 1998. (um)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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IDBI NET DOWN 6% IN Q2
Article Abstract:
Industrial Development Bank of India (IDBI) has recorded a six percent fall in net profit at Rs343 crore in the second quarter of 1998-99 (Rs364 crore in the second quarter of 1997-98). It earned an income of Rs1873 crore (Rs1841 crore). The bank's profit before depreciation and taxes were lower at Rs403 crore in the second quarter (Rs486 crore).(uh)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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