Financial Daily from THE HINDU group of publications
Wednesday, May 12, 2004
Financial Daily from THE HINDU group of publications Wednesday, May 12, 2004 |
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Money & Banking
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Public Sector Banks SBBJ net up 48 pc; to pay 100 pc Our Bureau
New Delhi , May 11 STATE Bank of Bikaner and Jaipur (SBBJ) has posted a net profit of Rs 301.52 crore for the year ended March 31, 2004, a rise of 48 per cent over the net of Rs 203.28 crore recorded in the previous year. The operating profit of the bank rose to Rs 681.35 crore (Rs 440 crore). The bank has decided to pay a dividend of 100 per cent, which works out to Rs 100 per share. The net interest income of the bank rose to Rs 716.44 crore, a growth of 30 per cent against Rs 551.37 crore in 2002-03. The bank has a capital adequacy of 12.93 per cent as on March 31, 2004. The net non-performing assets stood at 1.24 per cent, down from 4.13 per cent last year.
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