SBI BEATS EXPECTATIONS WITH 40% JUMP IN NET PROFIT
Article Abstract:
State Bank of India has recorded a 40 percent growth in net profit to Rs1,861.2 crore for 1997-98. Domestic deposits increased by 19.1 percent. Advances to priority sector is estimated at Rs19,602 crore. Advances to agricultural sector increased by 12.6 percent while advances to small scale sector increased by 16.1 percent. (rk) --------------------------------------------------------- Financial Performance of State Bank of India (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Total deposits 180,000.0 156,000.0 --------------------------------------------------------- Advances 115,000.0 97,000.0 --------------------------------------------------------- Total income 18,699.1 17,593.7 --------------------------------------------------------- Operating profit 3,504.9 3,397.6 --------------------------------------------------------- Net profit 1,861.2 1,329.3 ---------------------------------------------------------
Comment:
Records 40% growth in net profit to Rs1,861.2 crore for 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SBBJ NET PROFIT RISES 121.5%
Article Abstract:
The net profit of the State Bank of Bikaner and Jaipur (SBBJ) increased by 123.51 percent to Rs90.48 crore in 1997-98 against Rs40.48 crore in 1996-97. Its deposits increased by 20.89 percent to Rs6,525.36 crore (Rs5,397.66 crore). Its advances rose by 21.54 percent to Rs3,660.48 crore (Rs3,011.82 crore). Its investments grew by 23.90 percent to Rs2,827.16 crore (Rs2,281.77 crore). Its interest income from advances increased by 9.52 percent to Rs457.02 crore (Rs417.28 crore). Its net non- performing assets as a percentage of total assets declined to 6.77 percent from 7.45 percent. Its earning per share rose to Rs180.96 in 1997-98 from Rs111.21 in 1996-97. (khr)
Comment:
Posts 123.51% increase in its net profit to Rs90.48 crore in 1997-98 against Rs40.48 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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