The net profit of Bank of Baroda increased 11.31% to RS.288.36 crore for the second quarter ended September 30 compared to Rs.259.07 crore for the same period last year. The Net NPA of the bank stood at 0.77% while gross NPA stood at 3.44%. Capital adequacy ratio of the bank stood at 12.93%. Total business has grown 32% (yoy), Advances has grown 45%(yoy).
Under international operations the bank is having 60 offices in 21 countries. The international operations account to 18% of total bank's business and 36% of bank's net profit. The internatioanl operations deposits has grown 60%, advances 51% year on year .
Karnataka Bank
The bank has recorded a net profit of Rs.59.61 crore for the second quarter of current financial year registering a growth of 42.57 % compared to profit of Rs.41.81 crore for same period last year. The net NPA of the bank stood at 1.48% compared to 1.73% last year. The capital adequacy ratio stood at 12.25%..
Indian Bank
The bank has reported a 60% rise in net profit at Rs.169.19 crore (Rs.105.57 crore) for the quarter ended September 30. The Total Business grew 21.06% to Rs.70,317 crore. Total Deposits grew 16.4% to Rs.44,124 crore (Rs.37,907 crore) and Advances grew 29.81 % to Rs.26,193 crore (Rs.20,177 crore). The net NPA have declined to 0.45%. The capital adequacy ratio stands at 12.02%.
The bank is planning to enter capital market and issue its shares to public at hefty premium during November this year.
YES Bank
This bank has reported 50.8 % growth in net profit for the second quarter ending September at Rs.21.49 Crore (Rs.14.25 crore). The capital adequacy ratio of the bank stood at 11.98%. The bank is having 0% NPAs.
Oriental Bank of Commerce
The bank has reported a net profit of Rs.310.75 crore for the quarter ended September 30, up 37.2% over the corresponding figure of Rs.226.51 crore for the previous fiscal.
After writing-off Rs.61.24 crore against liabilities on account of the amalgamation with Global Trust Bank, OBC's net profit for second quarter stood at Rs.249.51 crore , 51% more than Rs.165.27 crore for same period last year. The increased overall profit has come mainly from good cash recovery in NPA assets. The gross NPA has been reduced from 7.9% to 4.8% at Rs.1,848.62 crore. The net NPA has been reduced from 0.8% to 0.5% at Rs.171.01 crore. The capital adequacy ratio stood at 13.34%. The total business of the bank grew 24% to Rs.98,432 crore.
Indian Overseas Bank
The bank reported a net profit of Rs.249.98 crore for the quarter ended September 30, up 25% compared to Rs.198.49 crore for same quarter previous fiscal. Total deposits increased by 20.31% to Rs.57,018 crore and advances increased by 40.28% to Rs.41,141 crore. The low cost deposits (current and savings bank) accounts for 37.66 % of total deposits. While the gross NPA stood at 2.96%, net NPAs stood at 0.57%. Capital adequacy ratio stood at 14.66 %.
Syndicate Bank
The bank reported a net profit of Rs.205 crore for the quarter ended September 2006, up 17% compared to Rs.175 crore for same period last fiscal. Total deposits grew by 51% to Rs.71,065 crore (Rs.47,144 crore). Total advances grew by 48% to Rs.46,168 crore (Rs.31,149 crore). While gross NPA stood at 3.67%, net NPA stood at 0.89%. The capital adequacy ratio stood at 11.74%.
Punjab National Bank
The bank's net profit has risen 19.7% to Rs.505 crore for the quarter ended September 2006, as against Rs.422 crore for the corresponding quarter of last fiscal. The total business of the bank stood at Rs.2,10,755 crore. The deposits grew 17.4% to Rs.1,28,415 crore and advances grew 28.9% to Rs.82,340 crores. The low cost deposits (Current and savings bank) accounts for 48.7% of total deposits. The net NPAs stood at 0.18%.
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