INDUSTRIAL DEVELOPMENT BANK OF INDIA
Article Abstract:
Industrial Development Bank of India (IDBI) has posted a growth of 42 percent in sanctions and 32.6 percent in disbursements in 1997-98, according to its chairman and managing director who addressed the bank's shareholders at its recently held fourth annual general meeting. The infrastructure sector accounted for Rs8000 crore of IDBI's total sanctions amounting to 34 percent. Non project finance accounted for Rs6900 crore or 28.5 percent of total sanctions. The assets of the bank amount to Rs60,000 crore, registering a growth of 19 percent. Its net profit has registered a growth of 31 percent to Rs1501 crore in 1997-98 (compared to Rs1164 crore of 1996-97). It has declared a dividend of 45 percent for the year (35 percent). Its return on assets was 2.7 percent (2.4 percent). Its return on net worth was 19.9 percent (17 percent). Its earnings per share is Rs22.30 and book value of the share is Rs118.90. (rk)
Comment:
Posts 31% growth in net profit to Rs1501 crore in 1997-98 compared to Rs1164 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SBI'S H1 NET JUMPS 22% ON HIGHER CREDIT OFFTAKE
Article Abstract:
State Bank of India (SBI) has posted a 21.71 percent rise in its net profit during April-September 1998. The rise in the net profit is attributed to a rise in the credit, interest and other incomes during July-September 1998. During the period, the other income grew by 32.56 percent while the total income grew by 20 percent. It posted a 3.8 percent fall in the global advances and a 16.08 percent rise in the volume of average advances. SBI also posted a 18.3 percent rise in the income from treasury operations and a 18.44 percent rise in the average deposits. The net non performing assets were around 6.10 percent of the total advances on September 30, 1998 (6.07 percent on March 31, 1998). The performance of SBI for April-September 1998 are given. (ag)
Comment:
State Bank of India (SBI) has posted a 21.71 percent rise in its net profit during April-September 1998.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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GTB NET JUMPS 40%, TO PAY 18%
Article Abstract:
Global Trust Bank has increased its net profit by 40 percent to Rs80.13 crore in 1997-98. It has increased its dividend to 18 percent from 15 percent in 1996-97. Its deposits increased to Rs3,285 crore from Rs2,279 crore while advances increased to Rs1,756 crore from Rs1,462 crore. Its forex turnover increased to Rs7,000 crore from Rs4,200 crore. The bank's capital adequacy ratio stands at 10.28 percent against the 8 percent stipulated by the Reserve Bank of India. Its non-performing assets have decreased to 2.98 percent in March 1998 from 3.93 percent in September 1997. (khr)
Comment:
Increases net profit by 40% to Rs80.13 crore in 1997-98 & increases dividend to 18% from 15% in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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