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Axis Bank`s net profit rises 66% (Business Stndard 10th Jan 2008)
Axis Bank’s net profit rose by 66 per cent to Rs 306.83 crore in the quarter ended December 31, 2007 as against Rs 184.61 crore in the corresponding quarter last fiscal.
The growth in profit was largely driven by 80 per cent incease in fee income at Rs 348.41 crore and 91 per cent gowth in net interest income at Rs 747.34 crore. The bank’s total income increased by 58.54 per cent to Rs 2290.24 crore. More
South Indian Bank net up 64% (Business Stndard 10th Jan 2008)
The Kerala-based South Indian Bank (SIB) has posted a growth of 63.93 per cent in net profit for the third quarter of fiscal 2007-08.
The bank, which declared its third quarter numbers in Thiruvananthapuram, said its Q3 net profit stood at Rs 40.72 crore as against Rs 24.84 crore in the corresponding period last year.
SIB, which became the first bank to announce the Q3 results in this financial year, added that the cumulative profit for the period ended December 31, 2007 was to the tune of Rs 106.78 crore as against Rs 58.72 crore last year. This is excluding the extraordinary profit earned by selling the shares of Bharat Overseas Bank (BhOB). More
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