BoB net up 52% to Rs 501 cr (Business Standard 31th June 2008) Bank of Baroda has posted a 52.2 per cent growth in net profit for the third quarter ended December 2007 at Rs 501.5 crore on jump in income from sale of investments including equity, recoveries from written-off accounts, commissions and interest income. Total income during the quarter rose to Rs 3,620.18 crore from Rs 2,668.11 crore in the year-ago period. Interest income rose by 28.60 per cent to Rs 3002.19 crore. Interest expenditure was up by 40.6 per cent to Rs 2,004.72 crore. During the December quarter, the net interest income rose by 9.8 per cent to Rs 997.47 crore from Rs 908.21 crore. More Costly bulk deposits drag down OBC profit by 24% (Business Standard 31th June 2008) Hit by high cost deposits, Oriental Bank of Commerce’s (OBC) net profit dipped by 24 per cent to Rs 138 crore for the third quarter ended December 31, 2007, compared with Rs 182 crore in the same quarter of the previous financial year. “The dip...
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