ABN AMRO LOGS 68% NET IN INDIA
Article Abstract:
ABN Amro Bank posted a 68 percent growth in net profits to Rs65.07 crore in 1997-978, from its Indian operations. Net profit margin increased to 17.4 percent (14.4 percent in 1996-97). Its total income increased by 39 percent to Rs373.85 crore (Rs269.14 crore). Borrowings increased to Rs995.58 crore (Rs467.91 crore). (vv) --------------------------------------------------------- Financial Results of ABN Amro Bank (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Interest Income 269.19 206.33 --------------------------------------------------------- Other income 104.66 62.81 --------------------------------------------------------- Net profit 65.07 38.78 --------------------------------------------------------- Deposits 1,458.74 1,120.57 --------------------------------------------------------- Advances 1,547.58 1,149.99 --------------------------------------------------------- Investments 589.53 345.43 ---------------------------------------------------------
Comment:
Posts 68% growth in net profits to Rs65.07 crore in 1997-978 from Indian operations
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
RIBs DO INDIA PROUD, MOP UP OVER $3.75 BN
Article Abstract:
The Resurgent India Bonds from the State Bank of India has mobilised over $3.75 billion at the close of the offer on August 24, 1998. The bank says that after providing for statutory requirements and extending rupee funds to arranging banks, it would be left with about Rs4000 crore. The bank would keep $1 billion of the collections overseas and bring $2.75-3 billion in to the country. (khr)
Comment:
Resurgent India Bonds from Indian bank has mobilised over $3.75 bil at the close of the offer on 8/24/98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: ON THE WINGS OF A PRAYER - AIR INDIA AIR-INDIA SET TO CLIP ITS OWN WINGS. AIR-INDIA CLOCKS Rs129-CR LOSS IN FIRST HALF
- Abstracts: QUANTUM SEES BIG MARKET IN INDIA MODI-REVLON SEES MORE COLOURS REH KENDERMANN TO BRING FABER WINES TO INDIA
- Abstracts: KIRLOSKAR ELECTRIC NET PROFIT DOWN 59% KIRLOSKAR PARK OFFERS CHEAPER SPACE
- Abstracts: HSBC TRADE PLANS TO OFFER FACTORING SERVICES IN S INDIA. SUMAN MOTELS RECORDS 12% RISE IN H1 NET
- Abstracts: SHRIRAM HONDA POWER EQUIPMENT LIMITED: AUDITED FINANCIAL RESULTS HERO HONDA PROFITS SOAR 46% IN H1