UWB NET PROFIT RISES BY 55%, BANK DECLARES 25% DIVIDEND
Article Abstract:
United Western Bank (UWB) has increased its net profit by 55 percent to Rs33.53 crore in 1997-98. The bank has recommended a 25 percent dividend for 1997-98. Its deposits increased by 30.56 percent to Rs2,668 crore while advances increased by 27.26 percent to Rs1,370 crore. Its net non-performing assets have decreased to 5.73 percent from 8.86 percent. The bank plans to reach deposits of Rs3,300 crore, advances of Rs1,700 crore and a gross profit of Rs100 crore in 1998-99. (khr)
Comment:
Increases net profit by 55% to Rs33.53 crore in 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SBH NET RISES 85.16%
Article Abstract:
The State Bank of Hyderabad has posted a 85.16 percent growth in net profit to Rs97.12 crore in 1997-98 (Rs52.45 crore in 1996- 97). Its operating profit was Rs286.26 crore (Rs229.35 crore). Its earnings per share of Rs100 face value was Rs563 (Rs305). Its deposits have moved up by 20.04 percent to Rs8250 crore (Rs6873.13 crore) and its advances by 14.58 percent to Rs4630.19 crore. It has declared a dividend of 25 percent for 1997-98 (20 percent).(rk)
Comment:
Posts 85.16% growth in net profit to Rs97.12 crore in 1997-98 compared .to Rs52.45 crore in 1996- 97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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