Banks stay in the growth lane in Q3
IOB Q3 net soars two-fold to Rs 232 cr
MUMBAI: State-run Indian Overseas Bank on Friday reported an over two-fold growth in net profit at Rs 231.7 crore for the third quarter ended December 31, 2010. The bank had a net profit of Rs 101.7 crore in the October-December period of previous fiscal , IOB said in a filing to the Bombay Stock Exchange. Total income of the bank rose to Rs 3,452.9 crore in the third quarter, from Rs 2,828.7 crore in the same period last fiscal. Total business of the bank grew to Rs 2,25,191 crore at the end of December 2010, from Rs 1,85,656 crore in the year ago period. Interest income during the third quarter of current fiscal increased by 21% to Rs 3,101 crore, from Rs 2,570 crore in the corresponding period last year.
Bank of Baroda Q3 profit grows 28% to Rs 1,069 cr
MUMBAI: State-run Bank of Baroda on Friday reported 28.4% growth at Rs 1,068.9 crore in standalone profit for the third quarter ended December 31, 2010. The bank had posted a profit of Rs 832.5 crore in the same period last fiscal. The total income grew to Rs 6,342.3 in the period under review from Rs 4,836.6 crore in the year-ago period, the lender said in a filing to the Bombay Stock Exchange.
Oriental Bank Q3 net jumps 41% to Rs 408 crore
NEW DELHI: State run Oriental bank of Commerce (OBC) on Friday reported a 41% growth in net profit at Rs 408.3 crore for the third quarter ended December 31, 2010. The bank had a net profit of Rs 289.4 crore in the corresponding quarter last year, OBC said in a filing to the Bombay Stock Exchange. During the quarter, the banks interest income rose to Rs 3,032.8 crore, from Rs 2,671.6 crore, up by 13.5%. Total income of OBC increased to Rs 3,264.2 crore at the end of December 2010, from Rs 2,909.3 cro! re in th e third quarter of last fiscal. Last year we had a profit of Rs 1,135 crore and this fiscal we should be able to increase it by 20 per cent," OBC chairman and managing director Nagesh Pydah told reporters here. Deposits in the bank went up by 16.79 per cent during the third quarter to Rs 1,29,335 crore as against Rs 1,10,745 crore in the corresponding period of 2009-10 Rs
Karur Vysya Bank Q3 profit up 49% at Rs 113 crore
MUMBAI: Private sector lender Karur Vysya Bank on Friday reported an over 49% jump in its net profit at Rs 113.2 crore for the quarter ended December 31, 2010. The bank had earned a profit of Rs 75.9 crore in the same period of the last financial year.
Allahabad Bank Dec qtr net rises 20% to Rs 42 crore
MUMBAI: State-run lender Allahabad Bank on Friday reported a 20.4% rise in net profit to Rs 41.6 crore for the quarter ended December 31, 2010. The bank had a net profit of Rs 34.5 crore in the corresponding quarter last fiscal, Allahabad Bank said in a filing to the Bombay Stock Exchange. During the quarter, total income of the bank increased to Rs 311.3 crore, from Rs 244.7 crore, it said.
MUMBAI: State-run Indian Overseas Bank on Friday reported an over two-fold growth in net profit at Rs 231.7 crore for the third quarter ended December 31, 2010. The bank had a net profit of Rs 101.7 crore in the October-December period of previous fiscal , IOB said in a filing to the Bombay Stock Exchange. Total income of the bank rose to Rs 3,452.9 crore in the third quarter, from Rs 2,828.7 crore in the same period last fiscal. Total business of the bank grew to Rs 2,25,191 crore at the end of December 2010, from Rs 1,85,656 crore in the year ago period. Interest income during the third quarter of current fiscal increased by 21% to Rs 3,101 crore, from Rs 2,570 crore in the corresponding period last year.
Bank of Baroda Q3 profit grows 28% to Rs 1,069 cr
MUMBAI: State-run Bank of Baroda on Friday reported 28.4% growth at Rs 1,068.9 crore in standalone profit for the third quarter ended December 31, 2010. The bank had posted a profit of Rs 832.5 crore in the same period last fiscal. The total income grew to Rs 6,342.3 in the period under review from Rs 4,836.6 crore in the year-ago period, the lender said in a filing to the Bombay Stock Exchange.
Oriental Bank Q3 net jumps 41% to Rs 408 crore
NEW DELHI: State run Oriental bank of Commerce (OBC) on Friday reported a 41% growth in net profit at Rs 408.3 crore for the third quarter ended December 31, 2010. The bank had a net profit of Rs 289.4 crore in the corresponding quarter last year, OBC said in a filing to the Bombay Stock Exchange. During the quarter, the banks interest income rose to Rs 3,032.8 crore, from Rs 2,671.6 crore, up by 13.5%. Total income of OBC increased to Rs 3,264.2 crore at the end of December 2010, from Rs 2,909.3 cro! re in th e third quarter of last fiscal. Last year we had a profit of Rs 1,135 crore and this fiscal we should be able to increase it by 20 per cent," OBC chairman and managing director Nagesh Pydah told reporters here. Deposits in the bank went up by 16.79 per cent during the third quarter to Rs 1,29,335 crore as against Rs 1,10,745 crore in the corresponding period of 2009-10 Rs
Karur Vysya Bank Q3 profit up 49% at Rs 113 crore
MUMBAI: Private sector lender Karur Vysya Bank on Friday reported an over 49% jump in its net profit at Rs 113.2 crore for the quarter ended December 31, 2010. The bank had earned a profit of Rs 75.9 crore in the same period of the last financial year.
Allahabad Bank Dec qtr net rises 20% to Rs 42 crore
MUMBAI: State-run lender Allahabad Bank on Friday reported a 20.4% rise in net profit to Rs 41.6 crore for the quarter ended December 31, 2010. The bank had a net profit of Rs 34.5 crore in the corresponding quarter last fiscal, Allahabad Bank said in a filing to the Bombay Stock Exchange. During the quarter, total income of the bank increased to Rs 311.3 crore, from Rs 244.7 crore, it said.
Comments