STATE BANK OF BIKANER AND JAIPUR
Article Abstract:
The State Bank of Bikaner and Jaipur (SBBJ) is a subsidiary of the State Bank of India (SBI). SBBJ recorded a 15 percent increase in its interest income at Rs850.83 crore in 1997-98 (Rs736.54 crore in 1996-97). Its other income increased by 27 percent to Rs162.65 crore (Rs128.22 crore). Its net profit was Rs90.48 crore (Rs40.48 crore). It had projected a total income of Rs967 crore and a net profit of Rs64 crore for 1997-98 when it went public in November 1997. Its total income increased by 14 percent to Rs231.87 crore and the net profit by 22 percent to Rs23.07 crore in the first quarter of 1998-99. Its equity is Rs50 crore. Its latest annualised earning per share is Rs22.51. Its book value is Rs227.60. The current market price of its scrip is Rs356. (rk)
Comment:
Posts 15% increase in interest income at Rs850.83 crore in 1997-98
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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PUNJAB NATIONAL BANK: AIMING AT EXCELLENCE
Article Abstract:
The Punjab National Bank (PNB) has 3,793 branches all over India. Its total business was Rs51,000 crore as of March 1998. Its deposits were Rs35,000 crore. Its operating profit increased by 37 percent from Rs620 crore in 1996-97 to Rs850 crore in 1997-98. Its non-interest income increased by 40 percent. Its business per employee was Rs71 lakh (Rs62 lakh in 1996-97). Its International Banking branch in Jaipur has secured ISO 9000 Quality System certification. PNB has automated 220 branches. It is one of the participants in the VSAT programme of the Reserve Bank of India. (rk) >EN
Comment:
Has 3,793 branches all over India & its total business is Rs51,000 crore as of 3/98
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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CITY UNION BANK: NO SCOPE FOR CAPITAL APPRECIATION
Article Abstract:
City Union Bank has come out with a Rs21 crore public issue at Rs35 per share. The bank's net advances stood at Rs475.82 crore as on March 31, 1997. It posted a net profit of Rs11.11 crore in 1996-97. Its net non-performing assets has increased to 46.97 crore in the first nine months of 1997-98 against Rs24.61 crore in 1996-97. Analysts expect this bank to get merged with one of the bigger banks. (khr)
Comment:
Has come out with a Rs21 crore public issue at Rs35/share
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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