INDIAN BANK BUY
I got this from Indian Bank Investores services cell
We are glad to inform you that during the half-year ended September 30, 2007, the Bank has achieved a good performance and its total business crossed Rs.85000 crore mark to Rs.85954 crore. For your kind information, we give below certain important highlights of the Bank’s performance during the half-year ended September 30, 2007:
The Overall Business of the Bank grew by 22.24 % (Rs.15638 crore) to Rs.85954 crore up from Rs.70316 crore, as on 30.09.2006. Total Deposits rose by 21.81 % (Rs.9623 crore) to Rs.53747 crore from Rs.44124 crore. Net Advances increased by 22.97% (Rs.6015 crore) to Rs.32207 crore from Rs.26192 crore as on 30.09.2006.
The Bank recorded a Net Profit of Rs.459.62 crore for the half-year ended September 2007 as compared to the Net Profit of Rs.334 crore for the corresponding period, last year, thus registering a growth of 37.61%. The Operating Profit increased by Rs.146.37 crore, representing a growth of 27.78% to Rs.673.17 crore as compared to Rs.526.80 crore (30.09.2006).
Gross NPA declined to 1.58% (Rs.515.56 crore) as on 30.09.2007, from 2.34% (Rs.625 crore) as on 30.09.2006. As on 30.09.2007, the Bank’s Net NPA declined to Rs.86.59 crore and constituted 0.27% of net advances as against 0.45% as on 30.09.2006. During the first half-year, total NPA recovery was at Rs.189 crore.
Return on Average Assets improved to 1.57% from 1.33% for the corresponding period, last year. The Capital Adequacy Ratio improved to 13.85% (including Tier-I Capital Adequacy of 12.26%) from 12.02% as on 30.09.06.
The EPS improved to Rs.10.26 (annualised earning of Rs.20.52). Book value of equity improved to Rs.85.65 (Rs.64.04 as at September 30, 2006).
-source moneycontrol
FYI
I got this from Indian Bank Investores services cell
We are glad to inform you that during the half-year ended September 30, 2007, the Bank has achieved a good performance and its total business crossed Rs.85000 crore mark to Rs.85954 crore. For your kind information, we give below certain important highlights of the Bank’s performance during the half-year ended September 30, 2007:
The Overall Business of the Bank grew by 22.24 % (Rs.15638 crore) to Rs.85954 crore up from Rs.70316 crore, as on 30.09.2006. Total Deposits rose by 21.81 % (Rs.9623 crore) to Rs.53747 crore from Rs.44124 crore. Net Advances increased by 22.97% (Rs.6015 crore) to Rs.32207 crore from Rs.26192 crore as on 30.09.2006.
The Bank recorded a Net Profit of Rs.459.62 crore for the half-year ended September 2007 as compared to the Net Profit of Rs.334 crore for the corresponding period, last year, thus registering a growth of 37.61%. The Operating Profit increased by Rs.146.37 crore, representing a growth of 27.78% to Rs.673.17 crore as compared to Rs.526.80 crore (30.09.2006).
Gross NPA declined to 1.58% (Rs.515.56 crore) as on 30.09.2007, from 2.34% (Rs.625 crore) as on 30.09.2006. As on 30.09.2007, the Bank’s Net NPA declined to Rs.86.59 crore and constituted 0.27% of net advances as against 0.45% as on 30.09.2006. During the first half-year, total NPA recovery was at Rs.189 crore.
Return on Average Assets improved to 1.57% from 1.33% for the corresponding period, last year. The Capital Adequacy Ratio improved to 13.85% (including Tier-I Capital Adequacy of 12.26%) from 12.02% as on 30.09.06.
The EPS improved to Rs.10.26 (annualised earning of Rs.20.52). Book value of equity improved to Rs.85.65 (Rs.64.04 as at September 30, 2006).
-source moneycontrol
FYI
INTRA DAY 12 NOV 07