SBI CAPS NET UP BY 63.4%
Article Abstract:
The net profit of the merchant banker, SBI Capital Markets (SCM) increased by 63.4 percent to Rs27.91 crore in 1997-98 due to increase in fee-based income, income from securities and a substantial reduction in interest costs. Its gross income declined by 6.7 percent and gross profit by 12.9 percent. SCM has maintained a dividend of 25 percent on an equity base of Rs58.03 crore. Reserves increased by 6.27 percent to Rs202.60 crore and debt funds increased by 22.85 percent. SCM acted as lead manager to 10 issues. It raised Rs 2,575.22 crore through the 10 issues. (gsh) ------------------------------------------------------------ Financial Performance of SBI Capital Markets (Rs in crore) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Gross Income 140.49 141.44 ------------------------------------------------------------ Gross profit 94.80 108.96 ------------------------------------------------------------ Interest 13.15 30.27 ------------------------------------------------------------ Depreciation 42.49 44.77 ------------------------------------------------------------ Net Profit 27.91 17.08 ------------------------------------------------------------ Earning per share(Rs) 4.81 2.94 ------------------------------------------------------------
Comment:
Firm's net profit increases by 63.4% to Rs27.91 crore in 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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DSP MERRILL LYNCH LEADS INVESTMENT BANKS LEAGUE
Article Abstract:
DSP Merrill Lynch (DSP ML) has mobilised Rs44,431 crore for its clients between 1995-96 and 1997-98 and become the leading investment banker for the period. It is followed by SBI Caps at Rs40,362 crore, Kotak Mahindra Capital at Rs37,467 crore and JM Finance at Rs34,132 crore. DSP ML raised the amount by managing 120 private placement issues aggregating Rs27,517 crore, 24 public issues aggregating Rs14,200 crore and 15 rights issues aggregating Rs2,714 crore. It was also the leading investment bank in raising resources for the government sector during the period. (khr)
Comment:
Mobilizes Rs44,431 crore for clients between 1995-96 and 1997-98 and becomes leading investment banker for period
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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IIBI POSTS 68% RISE IN NET
Article Abstract:
Industrial Investment Bank of India (IIBI) has registered a net profit of Rs80 crore for 1997-98 (Rs47.6 crore in 1996-97). It has posted an income of Rs327.1 crore (Rs236.8 crore). Its aggregate sanctions increased by 152 percent to Rs2,061 crore and sanctions moved up by 110 percent to Rs1,153 crore. Its non performing assets (NPAs) have declined to 12.7 percent from 17.5 percent. Its capital adequacy ratio is 11 percent at present. It has declared a dividend of 10 percent for 1997-98. (rk)
Comment:
Posts net profit of Rs80 crore for 1997-98 vs Rs47.6 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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