STATE BANK OF TRAVANCORE POSTS 57% RISE IN NET
Article Abstract:
The State Bank of Travancore (SBT) has posted a net profit of Rs63.30 crore in 1997-98 which is an increase of 57.26 percent over 1996-97 (Rs40.25 crore in 1996-97). Eligible shareholders will receive a dividend of 25 percent pro rata for 1997-98. Earnings per share of SBT has gone to Rs164.97 (Rs114.97). SBT's deposits have risen to 15.53 percent to Rs7,468.06 crore (Rs6,463.69 crore). There was a 9.33 percent increase in advances to Rs4,000.82 crore (Rs3,659.30 crore). The bank's investments spurted by 25.68 percent to Rs3,300.78 crore (Rs2,626.21 crore). Its total income has increased by 9.45 percent to Rs1,130.51 crore (Rs1,032.91 crore) and expenditure by 5.46 percent to Rs930.59 crore (Rs882.33 crore). (uh)
Comment:
Posts a net profit of Rs63.30 crore in 1997-98, an increase as compared to Rs40.25 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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PNB POSTS 111% RISE IN NET PROFIT
Article Abstract:
The Punjab National Bank has declared a 111 percent increase in net profit to Rs501.25 crore in 1997-98 from Rs237.71 crore in 1996-97. Its deposits increased by 14.2 percent to Rs35,174 crore while advances grew by 14 percent to Rs16,043 crore. The bank's operating profit increased by 30 percent to Rs801 crore while its interest income increased by 9.3 percent. Its non interest income increased by 36 percent to Rs637 crore. The bank is planning to enter the capital market with its maiden issue in August 1998. (khr)
Comment:
Posts 111% increase in net profit to Rs501.25 crore in 1997-98 from Rs237.71 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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IOB POSTS 8% RISE IN NET PROFIT
Article Abstract:
The Indian Overseas Bank (IOB) of Chennai recorded an 8 percent higher net profit at Rs113.1 crore for 1997-98 (Rs104.5 crore in 1996-97). Its gross profit was Rs154.3 crore (Rs129.4 crore). Its deposits grew by 21.5 percent to Rs19,328.6 crore. It had a market share of 2.93 percent in 1997-98 (2.87 percent). Its credit grew by 17.6 percent to Rs8,667.2 crore (Rs7,254 crore). Its non-performing assets ratio has declined to 6.26 percent from 7.64 percent. (rk)
Comment:
Records 8% increase in net profit from Rs104.5 crore in 1996-97 to Rs113.1 crore in 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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