BoI POSTS Rs 59-Cr NET
Article Abstract:
Bank of India (BOI) has reported a net profit of Rs59 crore during the third quarter of 1998-99 (Rs14 crore during the second quarter of 1998-99). During the period, the interest income grew by 23 percent to Rs1,145 crore (Rs931 crore during the third quarter of 1997-98). The other income declined by 10 percent to Rs121 crore (Rs135 crore), while the operating profit fell by five percent to Rs163 crore (Rs172 crore). During the period, the interest cost grew to Rs791 crore (Rs629 crore) and the operating expenses grew to Rs312 crore (Rs265 crore). It made a provision of Rs104 crore during the third quarter of 1998-99. (ag)(m)
Comment:
Bank of India (BOI) has reported a net profit of Rs59 crore during the third quarter of 1998-99 (Rs14 crore during the second quarter of 1998-99).
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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FEDERAL BANK NET UP, TO PAY 35%
Article Abstract:
Federal Bank has posted a net profit of Rs50.28 crore in 1997-98 (compared to Rs46 crore in 1996-97). Its total business has touched Rs10,345 crore in 1997-98. It has declared a dividend of 35 percent for 1997-98. Its deposits have increased by 40 percent to Rs6424 crore and its advances by 31 percent to Rs3921 crore. Its credit deposit ratio is 61 percent and its capital adequacy ratio is 9.43 percent. Its earnings per share is Rs23.16. Its net non performing assets is 5.28 percent (4.87 percent). (rk)
Comment:
Posts net profit of Rs50.28 crore in 1997-98 compared to Rs46 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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