Financial Daily from THE HINDU group of publications
Thursday, Jun 02, 2005
Financial Daily from THE HINDU group of publications Thursday, Jun 02, 2005 |
|
|
|
|
|
Corporate Results
-
Public Sector Banks Money & Banking - Financial Performance SBT targets Rs 50,000-cr biz — Net up at Rs 247.13 cr, to pay 75 pc Our Bureau
Thiruvananthapuram , June 1 STATE Bank of Travancore (SBT) is targeting total business of Rs 50,000 crore in the current year. The bank had recorded total business of Rs. 40,069 crore last year and it is expecting the figure to go up by Rs 10,000 crore in 2005-06, according to Mr Om Bhatt, Managing Director. He said at a press conference here that the operating profit increased by Rs 101.22 crore from the previous year to touch Rs 802.05 crore in 2004-05. The net profit, however, rose marginally from Rs 244.60 crore to Rs 247.13 crore due to higher provisions. The profitability could be sustained mainly on account of a 31 per cent increase in net interest income. The bank has declared a dividend of 75 per cent, which is at the same level as last year. The earnings per share stood at Rs 494.26 against Rs 489.20 in the previous year, while the book value per share went up from Rs 1,851 to Rs 2,260. The capital adequacy ratio was at 11.05 per cent as at the end of March 2005. Mr Bhatt said SBT's market share in Kerala's total business of all scheduled commercial banks increased from 21.64 per cent in March 2004 to 22.05 per cent in December 2004. The bank continued to hold the position of the market leader in the State. The gross NPA was brought down from 5.69 per cent in the previous year to 4.28 per cent in 2004-05. The net NPA stood at 1.81 per cent as at the end of March 2005. The credit-deposit ratio increased from 60.34 per cent to 62.88 per cent. The total forex turnover for merchant transactions was Rs 15,916 crore against Rs 14,145 crore.
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
|