The Hindu Business Line : State Bank of Indore net profit jumps six-fold

Ahmedabad, July 20 State Bank of Indore posted a net profit of Rs 64.77 crore in the first quarter ended June 30, 2007, marking a six-fold jump over the corresponding figure of Rs 10.34 crore in June 2006.

The bank attributed the increase to net interest income and other income. Total deposits have increased from Rs 19,976.48 crore as on March 31, 2007, to Rs 20,845.99 crore on June 30. The quarter also witnessed an increase in the share of CASA (current account and savings account) in aggregate deposits from 28.38 per cent to 29.35 per cent.

More Stories on : Financial Performance | Public Sector Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Centre taking steps to help Nabard raise funds

3 entities proposed for pension fund managers

India’s holdings of US G-secs fall in May

State Bank of Indore net profit jumps six-fold

State Bank of Bikaner & Jaipur Q1 net up 22%

ICICI Prudential unveils new health insurance plan

Forex kitty swells $4.12 b, touches $219 b

KVB’s spouse senior citizen scheme draws good response

SHGs: Indian Bank urged to replicate TN model in Bengal

Canara Bank signs agreement with Railways for setting up ATMs

SBI opening 40 more ATMs in Chennai circle

UBI’s branch at Virudhunagar

Bond prices up on excess liquidity

Andhra Bank educational loans

Call rates down at 0.15-0.25%

Bank of Baroda aims at 25-30% growth in net profit