Financial Daily from THE HINDU group of publications
Tuesday, Oct 21, 2003
Financial Daily from THE HINDU group of publications Tuesday, Oct 21, 2003 |
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Corporate Results
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Public Sector Banks Money & Banking - Financial Performance SBT net doubles Our Bureau
Thiruvananthapuram: The operating profit of State Bank of Travancore (SBT) at the end of the first half-year of the current fiscal went up 116 per cent over the corresponding period in the previous year. The operating profit stood at Rs 391.98 crore as against Rs 181.82 crore at the end of September 2002, according to a statement from the bank. The net profit reached Rs 115.45 crore (Rs 58.96 crore), an increase of 96 per cent. The bank's other income rose 168.38 per cent to Rs 282.34 crore (Rs 105.20 crore). The (non- annulaised) earnings per share worked out to Rs 230.90 (Rs 117.93). The net interest income was at Rs. 316.17 crore.
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