THE LAKSHMI VILAS BANK LTD: ONE MORE YEAR OF REMARKABLE PERFORMANCE
Article Abstract:
The Lakshmi Vilas Bank Ltd has recorded a 15.43 percent rise in net profit, 25.29 percent growth in deposits and 24.58 percent rise in advances for the year ended March 31, 1998. The bank has declared a dividend of 40 percent for the year. (gsh) --------------------------------------------------------- Audited Financial Results: The Lakshmi Vilas Bank Ltd (Rs in lakh) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Income from operations 4170.54 4131.12 --------------------------------------------------------- Other Income 3488.33 2758.79 --------------------------------------------------------- Total Expenditure 4115.21 3910.69 --------------------------------------------------------- Gross Profit 3543.66 2979.22 --------------------------------------------------------- Depreciation 750.59 706.96 --------------------------------------------------------- Provisions 634.07 401.97 --------------------------------------------------------- Net Profit 2159.00 1870.29 --------------------------------------------------------- Paid up equity capital 1150.86 1148.77 --------------------------------------------------------- Reserves 8361.20 6600.36 ---------------------------------------------------------
Comment:
Records 15.43% increase in net profit, 25.29% growth in deposits & 24.58% rise in advances for year ended 3/31/98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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CENTRAL BANK RECORDS Rs175-CR NET PROFIT
Article Abstract:
The Central Bank of India has recorded a 15.9 percent rise in its net profit and a 28 percent rise in operating profit in 1997-98. The interest spread stood at 3 percent and total business rose by 16 percent during the year. (gsh) --------------------------------------------------------- Financial Results: Central Bank of India (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Deposits 26,373.00 23,051.00 --------------------------------------------------------- Advances 10,678.00 8,790.00 --------------------------------------------------------- Investments 12,767.00 11,855.00 --------------------------------------------------------- Net NPA (%) 12.21 14.40 --------------------------------------------------------- Operating Profit 399.00 264.00 --------------------------------------------------------- Net Profit 175.00 151.00 ---------------------------------------------------------
Comment:
Records 15.9% increase in net profit & a 28% rise in operating profit in 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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