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STATE BANK OF INDIA

Article Abstract:

State Bank of India, Mumbai, has declared a 40 percent dividend for 1997-98. It posted a net profit of Rs1,861.20 crore in 1997- 98. (rk) --------------------------------------------------------- Audited financial Results of State Bank of India (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Interest income 15,878.89 14,950.66 --------------------------------------------------------- Other income 2,820.17 2,643.07 --------------------------------------------------------- Total income 18,699.06 17,593.73 --------------------------------------------------------- Total expenditure 16,837.86 16,244.48 --------------------------------------------------------- Net profit 1,861.20 1,349.25 --------------------------------------------------------- Issued, subscribed and paid up capital 526.30 526.30 ---------------------------------------------------------

Comment:

Reports increase in net profit to Rs1,861.20 crore in 1997-98 from Rs1,349.25 crore in 1996-97

Publisher: Bennett, Coleman & Co. Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
State Bank of India

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CITY UNION BANK TO LAUNCH Rs21-CR ISSUE ON JUNE 22

Article Abstract:

The City Union Bank of Kumbakonam is floating a public issue of 60 lakh shares at Rs35 per share aggregating Rs21 crore on June 22, 1998. The issue closes on June 27, 1998. The bank plans to increase its capital adequacy ratio from 11.73 percent. It has 10,962 shareholders. Its deposits amount to Rs1,000 crore and advances Rs573 crore. Its return on net worth is 29.12 percent and its earnings per share is Rs20.57. (rk)

Comment:

Will floating public issue of 60 lakh shares at Rs35 per share aggregating Rs21 crore on 6/22/98

Publisher: Bennett, Coleman & Co. Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
City Union Bank

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Subjects list: Commercial banks, India, Article
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