Business Daily from THE HINDU group of publications
Friday, Aug 25, 2006
Business Daily from THE HINDU group of publications Friday, Aug 25, 2006 |
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Money & Banking
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Outlook SBH targets Rs 12,000-cr additional business Our Bureau
Kolkata, Aug 24 State Bank of Hyderabad (SBH), which registered a total business of about Rs 55,000 crore last year, has targeted a Rs 12,000-crore addition this fiscal, Mr Amitabha Guha said, adding that the aim is to record a 40 per cent increase in operating profit in 2006-07. A 20 per cent growth in deposits has been targeted, while advances are expected to grow by roughly 26 per cent. The bank is also looking at a marked decrease in NPAs this year. It has targeted a gross NPA of 1.7 per cent, down from 2.1 per cent that was previously recorded. SBH's branch expansion programme will see it expand in Andhra Pradesh, which already has over 580 branches. About 20 more will be opened in the State in the coming months.
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