Financial Daily from THE HINDU group of publications
Friday, Sep 02, 2005
Financial Daily from THE HINDU group of publications Friday, Sep 02, 2005 |
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Money & Banking
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Private Banks Catholic Syrian Bank to pay 15 per cent Our Bureau
Kochi , Sept. 1 THE Thrissur-based Catholic Syrian Bank has declared 15 per cent dividend for 2004-05. Presiding over the 84th Annual General Meeting, Mr N.R. Achan, Chairman, said the bank had notched up a net profit of Rs 10.66 crore on a total operating profit of Rs 78.58 crore for 2004-05. The notable contribution to profit came from an increase in net interest income of Rs 146.18 crore (Rs 122.21 crore). The bank could maintain a capital risk asset ratio of 11.35 per cent as against the RBI stipulated norm of 9 per cent. The net NPA declined to 3.8 per cent (4.65 per cent). The net advances grew 20 per cent to Rs 2,289 crore (Rs 1,898 crore), while the deposit base rose to Rs 4,021 crore (Rs 3,880 crore). The total business volume grew to Rs 6,310 crore (Rs 5,778 crore). Backed by better deployment of credit, the credit-deposit ratio grew to 56.93 per cent, up from 48.92 per cent last year. Business per employee also increased to Rs 21.6 crore (Rs 18.2 crore).
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