FINANCIAL SECTOR PLAYERS LOSE CAP IN MARKET RING
Article Abstract:
The top 8 banks and financial institutions (FI) - the State Bank of India (SBI), ICICI, IDBI, IFCI Bank, Bank of Baroda (BoB), the Corporation Bank (CB), the Bank of India (BoI) and the Dena Bank (DB) - have suffered an average fall of 52.1 percent in their market capitalisation. Their market capitalisation has fallen by Rs23,500 crore to Rs21,600 crore in the past 6 months of 1998-99. The share price of ICICI has fallen to Rs40 from Rs122.60, that of IDBI to Rs40 from Rs117, that of IFCI to Rs18.25 from Rs40, that of SBI to Rs165 from Rs305 and that of BoB to Rs60 from Rs135. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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UWB RECORDS Rs4.42-CR NET
Article Abstract:
83The United Western Bank Ltd has registered a 15 percent decline in net profit to Rs4.42 crore in the quarter ended December 31, 1998 compared to Rs5.23 crore in the quarter ended December 31, 1997. The bank's income increased to Rs90.11 crore from Rs77.42 crore. Its net profit has increased by 11 percent to Rs21.52 crore for the first nine months of 1998-99 against Rs18.35 crore in the first nine months of 1997-98. (khr)
Comment:
83The United Western Bank Ltd has registered a 15 percent decline in net profit to Rs4.42 crore in the quarter ended December 31, 1998 compared to Rs5.23 crore in the quarter ended December 31, 1997.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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