Financial Daily from THE HINDU group of publications
Saturday, Apr 23, 2005
Financial Daily from THE HINDU group of publications Saturday, Apr 23, 2005 |
|
|
|
|
|
Corporate Results
-
Public Sector Banks Money & Banking - Financial Performance Bharat Overseas net drops in 2004-05 Our Bureau
Chennai , April 22 BHARAT Overseas Bank has reported a net profit of Rs 20.05 crore for 2004-05 compared with Rs 35.08 crore in the previous year. The fall was because of two factors. First, `other income' (mainly realisation from sale of securities) fell to Rs 19.28 crore from Rs 31.63 crore previously. Second, provisions and contingencies increased to Rs 34.27 crore from Rs 21.75 crore in the previous year. Save these two factors, the bank has reported improved performance on all other counts. Total business volume grew 14 per cent to Rs 4,429 crore. Deposits and advances increased 11 per cent and 18 per cent respectively. Credit-deposit ratio improved to 60 per cent. NPA slid to 1.57 per cent. Capital adequacy ratio stood at 14.95 per cent as on March 31, 2005. Addressing a press conference here today, the Chairman, Mr G. Krishna Murthy, said the bank intended to raise Rs 100 crore in the current year, to raise the bank's net owned funds to Rs 300 crore, from Rs 198 crore now. The mode of raising the funds was being worked out, he said.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|