INDUSIND BANK LTD
Article Abstract:
IndusInd Bank Ltd, having its corporate office at Mumbai, has announced its audited financial results for the year ended March 31, 1998. It has recommended a dividend of 20 percent, including an interim dividend, for the year. (khr) ------------------------------------------------------------ Audited Financial Results of IndusInd Bank (Rs in crore) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Total Income 705.87 491.17 ------------------------------------------------------------ Total Expenditure 488.04 352.84 ------------------------------------------------------------ Gross profit before provisions, depreciation and tax 217.83 138.33 ------------------------------------------------------------ Depreciation 16.73 13.39 ------------------------------------------------------------ Tax 35.10 30.00 ------------------------------------------------------------ Net profit 91.12 73.32 ------------------------------------------------------------ Paid up equity 157.86 120.00 ------------------------------------------------------------ Total deposits 4,273.34 3,093.10 ------------------------------------------------------------ Total advances 2,450.83 1,927.66 ------------------------------------------------------------
Comment:
Posts net profit of Rs91.12 crore in 1997-98 vs Rs73.32 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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INDIAN OVERSEAS BANK
Article Abstract:
Indian Overseas Bank has announced its financial results for the year ended March 31, 1998. It has done an average business per employee of Rs91 lakh for the year. (khr) ------------------------------------------------------------ Financial Results of Indian Overseas Bank (Rs in `000s) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Total Income 21,914,758 20,510,756 ------------------------------------------------------------ Total Expenditure 20,784,165 19,465,622 ------------------------------------------------------------ Net Profit 1,130,593 141,674 ------------------------------------------------------------ Deposits 193,286,390 159,725,938 ------------------------------------------------------------ Advances 86,671,846 72,540,206 ------------------------------------------------------------
Comment:
Posts Rs1.13 bil net profit for year ended 3/31/98 compared to previous year's Rs141.674 mil
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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INDUSIND BANK BUILDING ON SMALL CO'S LOAN PORTFOLIO
Article Abstract:
IndusInd Bank Ltd (IBL) is consolidating its loan portfolio of small and mid cap companies in the priority sector. IBL has benefited from this move as 90 percent of its clients in the priority sector have posted over 25 percent rise in sales during 1997-98, despite the slump in the economy. Of the total 273 clients in the priority sector, only six have non performing assets while the rest have standard assets. IBL's investment in the priority sector grew by 40.67 percent to Rs727.20 crore in March 1998. (ag)
Comment:
Consolidates its loan portfolio of small and mid cap companies in the priority sector
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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