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STATE BANK OF PATIALA

Article Abstract:

State Bank of Patiala, Patiala, Punjab, has posted a net profit of Rs143 crore for 1997-98. (vv) --------------------------------------------------------- Audited Financial Results of State Bank of Patiala (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Total income 1038.09 999.75 --------------------------------------------------------- Total expenditure 895.08 940.73 --------------------------------------------------------- Interest earned 940.10 907.61 --------------------------------------------------------- Capital 24.75 24.75 --------------------------------------------------------- Net worth 567.00 433.00 --------------------------------------------------------- Deposits 7,737.00 7,230.00 --------------------------------------------------------- Advances 4,105.00 3,787.00 --------------------------------------------------------- Borrowings 24.03 138.94 --------------------------------------------------------- Investments 2,950.87 2,662.23 --------------------------------------------------------- Net profit 143.00 59.00 --------------------------------------------------------- Dividend (%) 30.00 25.00 --------------------------------------------------------- Earnings per share (Rs) 578.00 239.00 --------------------------------------------------------- Capital adequacy ratio (%) 13.24 11.25 --------------------------------------------------------- Book value (Rs) 2,290.00 1,749.00 --------------------------------------------------------- Reserves and surplus 541.92 408.08 ---------------------------------------------------------

Comment:

Reports net profit of Rs143 crore for 1997-1998

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STATE BANK OF PATIALA NET JUMPS 31%

Article Abstract:

State Bank of Patiala recorded a 31 percent increase in net profit to Rs143.01 crore for 1997-98 (Rs59.03 crore in 1996-97). Its advances stood at Rs4,105.00 crore in 1997-98. (rk) --------------------------------------------------------- Financial Performance of State Bank of Patiala (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Deposits 7,737.00 7,229.00 --------------------------------------------------------- Advances 4,105.00 NA --------------------------------------------------------- Capital and reserves 567.67 432.83 --------------------------------------------------------- Capital adequacy ratio (%) 13.24 11.25 --------------------------------------------------------- Net profit 143.01 59.03 --------------------------------------------------------- Earnings per share (Rs) 577.82 238.49 ---------------------------------------------------------

Comment:

Records 31% increase in net profit to Rs143.01 crore for 1997-98, as against Rs59.03 crore in 1996-97

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STATE BANK OF PATIALA TERM DEPOSIT, CD

Article Abstract:

The MAAA (highest safety) rating given to the term deposit programme and the A1+ rating given to the certificate of deposit programme of the State Bank of Patiala have been reaffirmed by Icra. The ratings reflect the bank's strong deposit base, good quality of credit portfolio and its comfortable capital adequacy. (khr)

Financial analysis

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