Business - Briefly   

Syndicate Bank Q1 net dips

BANGALORE: Syndicate Bank’s net profit in the first quarter of 2008-09 fell by over 60 per cent to Rs. 87.89 crore as compared to Rs. 221 crore in the same quarter in the previous year, mainly on account of higher provisioning of Rs. 261 crore for mark-to-market stipulations. Net interest income also fell to Rs. 503 crore from Rs. 547 crore. — Special Correspondent

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

ICICI Bank, HDFC hike interest rates
JSW Steel net dips to Rs. 219 crore
Rs. 51,577-cr. scheme to reform power sector
Finance panel to suggest fiscal accounting for oil, other bonds
Tata Steel Q1 profit at Rs. 1,488 cr.
Toyota Kirloskar lays foundation for second unit
Federal Bank Q1 net profit at Rs. 68 crore
JRG Securities revenue up 20%
Harrisons Malayalam turnover up 69 %
Dhanalakshmi Bank Q1 profit up 57.36 %
Sensex gains further
Exchange Rates
Bullion Rates
Consumer index up one point
Sundaram Finance net up 59 p.c.
Syndicate Bank Q1 net dips
Lanco Infra revenue at Rs. 927 crore
Apollo Hospitals profit up in Q1
Parsvnath Developers posts lower profits
Purvankara consolidated net at Rs. 62 crore
Elder Pharma Q3 net up 16 % at Rs. 18 cr.
Sintex acquires 90 p.c. stake in German firm
Nokia to focus on India, China
Discovery to launch three new channels
ONGC to invest $3 b in KG basin exploration

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu