Financial Daily from THE HINDU group of publications
Tuesday, Oct 21, 2003
Financial Daily from THE HINDU group of publications Tuesday, Oct 21, 2003 |
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Corporate Results
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Private Banks Money & Banking - Financial Performance Bharat Overseas net up 50 pc Our Bureau
Chennai , Oct. 20 BHARAT Overseas Bank Ltd has reported a net profit of Rs 13.54 crore for the first half of the current year, 50 per cent higher than Rs 9.02 crore it made in the same period last year. In a press release, the bank said that its operating profit went up to Rs 29.63 crore, from Rs 16.39 crore earlier. Interest spread also increased 2.23 per cent, as on September 30, 2003, compared to 2.82 per cent on the same date last year. "The capital adequacy of the bank is comfortably placed at 13.24 per cent," the release says.
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