Financial Daily from THE HINDU group of publications
Friday, May 05, 2006
Financial Daily from THE HINDU group of publications Friday, May 05, 2006 |
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Corporate Results
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Public Sector Banks Money & Banking - Financial Performance SBBJ posts lower net Our Bureau
New Delhi , May 4 State Bank of Bikaner and Jaipur has reported a net profit of Rs 145.03 crore for the year ended March 31, 2006, as compared to a net profit of Rs 205.65 crore recorded in the previous year. A statement issued by the bank said that the lower net profit was on account of reduction in profit from sale of investments, reduction in government commission, increase in staff remuneration and higher provision for standard assets. The operating profit for the year 2005-06 stood at Rs 592.37 crore (Rs 729.64 crore). The bank has declared a dividend of 65 per cent (Rs 65 per share).
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