SBICI NET PROFIT INCREASES 179%
Article Abstract:
SBI Commercial and International Bank Ltd (SBICI) has posted 179 percent rise in net profit to Rs14.12 crore for 1997-98 (Rs5.06 crore in 1996-97). The bank's advances were increased by 66.63 percent to Rs240.72 crore (Rs144.70 crore). Investments were Rs158.59 crore (Rs112.45 crore). Deposits were Rs432 crore (Rs290.12 crore). (gs) ------------------------------------------------------------ SBI Commercial and International Bank Ltd: Financial Results (in Rs crore) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Net Profit 14.12 5.06 ------------------------------------------------------------ Total Income 66.23 45.77 ------------------------------------------------------------ Total Expenditure 52.10 40.70 ------------------------------------------------------------ Interest income 53.49 41.11 ------------------------------------------------------------ Interest Expenditure 45.84 35.52 ------------------------------------------------------------ Deposits 432.00 290.12 ------------------------------------------------------------ Advances 240.72 144.70 ------------------------------------------------------------
Comment:
Posts 179% rise in net profit to Rs14.12 crore for 1997-98 vs Rs5.06 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SIDBI NET PROFIT UP BY 28.2%
Article Abstract:
The Small Industries Development Bank of India (Sidbi) has increased its net profit by 28.2 percent to Rs405 crore in 1997- 98 against Rs315.68 crore in 1996-97. Its sanctions have grown by 15.4 percent to Rs7,484 crore from Rs6,485 crore while disbursements have risen by 14.3 percent to Rs5,241 crore from Rs4,585 crore. The bank increased its refinance sanctions by 29.4 percent to Rs3,172 crore from Rs2,451 crore while project finance increased to Rs1,193 crore from Rs583 crore. Its disbursements under project finance increased to Rs430 crore from Rs187 crore. Its sanctions under infrastructure development increased by over 100 percent to Rs476 crore from Rs237 crore while disbursements increased to Rs114 crore from Rs6 crore. Venture capital sanctions grew to Rs59 crore from Rs12 crore while marketing assistance increased to Rs148 crore from Rs12 crore. Sidbi will pay Rs67.50 crore as return on capital of 15 percent to its parent, the Industrial Bank of India. (khr)
Comment:
Increases its net profit by 28.2% to Rs405 crore in 1997-98 against Rs315.68 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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CVCF IN TALKS WITH SIDBI FOR FUNDING THIRD CORPUS
Article Abstract:
Canbank Venture Capital Fund (CVCF), a wholly owned subsidiary of Canara Bank, is negotiating with Small Industries Development Bank of India (sidbi) for funding requirements of its third corpus. The third corpus is estimated to amount Rs30 crore. The fund will cater to the needs of small scale software units. Canara Bank is expected to partly finance this fund. The first corpus was worth Rs16.425 crore contributed by Canara Bank, Canbank Financial Services and World Bank and the second corpus was of Rs10.5 crore funded solely by Canara Bank. The third fund may go online by the later part of 1999. CVCF intends to keep the second and third corpus funds overlapped for some duration. (um)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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