Thursday, Oct 30, 2003
Thursday, Oct 30, 2003 |
| Business | ||||
|
News:
Front Page |
National |
Southern States |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Advts: Classifieds | Employment | Obituary | Business
Canara bank has increased its net profit by 38.6 per cent to Rs. 581 crores for the half-year ended September 30, 2003. The posted an income of Rs. 4585 crores. Other income amounted to Rs. 1209 crores, including a one-time buy-back by the Centre of illiquid securities, to the tune of Rs. 389 crores. The net profit for the quarter ended September 30 was up 27 per cent at Rs. 325 crores over the profits for the previous quarter and an increase of 16.75 per cent over the same quarter last year. Total income grew by 22 per cent to Rs. 2,522 crores from Rs. 2064 crores. The bank's NPA was Rs. 1344 crores, 3.28 per cent of total advances of Rs. 40,908 crores, by September 30. According to the Chairman and Managing Director, R. V. Shastri, "provisioning for NPA normally made for the year, has been made here at a half yearly level". Deposits stood at Rs. 75,396 crores at the end of September. Mr. Shastri said the bank was looking to open `offices' in Moscow, Russia, Shanghai, China and in Hong Kong.
Printer friendly
page
News:
Front Page |
National |
Southern States |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|
