ORIENTAL BANK OF COMMERCE
Article Abstract:
The net profit of Oriental Bank of Commerce, New Delhi, increased by 16.50 percent to Rs210 crore in 12997-98. Its earnings per share increased by 16.56 percent. The bank has declared a 30 percent dividend for 1997-98. (gsh) ------------------------------------------------------------ Audited Financial Results of Oriental Bank of Commerce (Rs in crore) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Income: Interest Earned 1,458.04 1,250.55 Other Income 138.45 104.38 Total 1,596.49 1,354.93 ------------------------------------------------------------ Expenditure: Interest Expended 958.55 800.86 Operating Expenses 300.56 253.37 Provisions and contingencies 127.38 120.45 Total 1,386.49 1,174.68 ------------------------------------------------------------ Net Profit 210.00 180.25 ------------------------------------------------------------ Capital 192.54 192.54 ------------------------------------------------------------ Earning per share (Rs) 10.91 9.36 ------------------------------------------------------------
Comment:
Reports increase in net profit by 16.50% to Rs210 crore in 1997-98, w/ earnings per share increasing by 16.56%
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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UNION BANK OF INDIA
Article Abstract:
The Union Bank Of India (UBI) has announced its financial results for the year ended March 31, 1998. Its capital adequacy ratio was 10.86 percent. Its net worth was Rs1,577 crore. It paid a dividend of Rs50.02 crore to the Government of India for 1997-98. (khr) ------------------------------------------------------------ Financial results of Union Bank Of India (Rs in '000) ------------------------------------------------------------ Particulars Year ended March 31 1998 1997 ------------------------------------------------------------ Income 27,116,944 25,010,285 ------------------------------------------------------------ Expenditure 24,615,987 22,853,531 ------------------------------------------------------------ Deposits 230,556,334 200,049,923 ------------------------------------------------------------ Advances 102,761,923 91,683,647 ------------------------------------------------------------ Net profit 2,500,957 2,156,754 ------------------------------------------------------------ Equity 3,380,000 3,380,000 ------------------------------------------------------------ Reserves 1,239,1628 105,718,79 ------------------------------------------------------------
Comment:
Reports net profitof Rs2,500,957,000 for year ended 3/31/98, as against Rs2,156,754,000 in 1997
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ORIENTAL BANK OF COMMERCE
Article Abstract:
The Oriental Bank of Commerce of New Delhi has published its unaudited financial results for the quarter ended September 30, 1998. It did a total business of more than Rs21,000 crore. Its annualised deposits increased by 35 percent. Its annualised advances rose by 34 percent. Its non-performing assets were less than 4.5 percent. Its productivity per employee was Rs1.49 crore. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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