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Bank Results Results of Banks in India-Second Quarter ended September 2008 Corporation Bank Net profit of Corporation Bank rose 18.68% to Rs 191.51 crore in the quarter ended September 2008 as against Rs 161.37 crore during the previous quarter ended September 2007. Total operating income rose 34.40% to Rs 1448.76 crore in the quarter ended September 2008 as against Rs 1077.92 crore during the previous quarter ended September 2007. As on 20th October the stock closing price was Rs 224.25, and P/E was 4.2. The stock had 52 weeks High/Low of Rs 490/205. Bank Of India Net profit of Bank of India rose 79.38% to Rs 762.86 crore in the quarter ended September 2008 as against Rs 425.27 crore during the previous quarter ended September 2007. Total operating income rose 33.19% to Rs 3962.77 crore in the quarter ended September 2008 as against Rs 2975.24 crore during the previous quarter ended September 2007. As on 20th October the stock closing price was Rs 298.05, and P/E was 6.9. The stock had 52 weeks High/Low of Rs 466/189. HDFC Bank HDFC Bank reported 43.2% rise in net profit to Rs 527.98 crore on 62.8% growth in total income to Rs 4,634.32 crore in Q2 September 2008 over Q2 September 2007. The bank reported a loss of Rs 162 crore in treasury income in Q2 September 2008 as against a profit of Rs 113 crore in Q2 September 2007, due to the rise in the spreads of corporate bonds. HDFC Bank’s capital adequacy ratio, or the ratio of capital to loan assets, fell to 11.4% in Q2 September 2008 from 14.9% in Q2 September 2007. Net non performing assets (NPAs) was up to 0.6% in Q2 September 2008 from 0.4% in Q2 September 2007. As on 20th October the stock closing price was Rs 1084.85, and P/E was 26.6. The stock had 52 weeks High/Low of Rs 1825/890. Central Bank of India Net profit of Central Bank of India declined 22.21% to Rs 96.15 crore in the quarter ended September 2008 as against Rs 123.60 crore during the previous quarter ended September 2007. Total operating income rose 39.38% to Rs 2674.40 crore in the quarter ended September 2008 as against Rs 1918.73 crore during the previous quarter ended September 2007. As on 20th October the stock closing price was Rs 41.10, and P/E was 3.2. The stock had 52 weeks High/Low of Rs 155/38. Canara Bank Bank’s net profit jumped from 31.84% to Rs 529.43 crore in Q2 September 2008 over Q2 September 2007. Canara Bank’s total income rose 9.70% to Rs 4,447.97 crore in Q2 September 2008 over Q2 September 2007. As on 20th October the stock closing price was Rs 180.85, and P/E was 5.1. The stock had 52 weeks High/Low of Rs 421/145. Punjab National Bank (PNB) Net profit of Punjab National Bank rose 31.31% to Rs 707.09 crore in the quarter ended September 2008 as against Rs 538.48 crore during the previous quarter ended September 2007. Total operating income rose 34.29% to Rs 4650.40 crore in the quarter ended September 2008 as against Rs 3463.06 crore during the previous quarter ended September 2007. As on 20th October the stock closing price was Rs 500.75, and P/E was 7.4. The stock had 52 weeks High/Low of Rs 721/332. Kotak Mahindra Bank Kotak Mahindra Bank witnessed weak financial performance in the second quarter, especially on the profitability front due to higher provisioning. Net profit for the quarter ended Sep 30, 2008 declined 33 per cent to Rs 161 crore due to higher provision for contingencies (up by 27%).Total net operating income declined by 2 per cent to Rs 1,339 crore as other income was down 22 per cent to Rs 757 crore As on 20th October the stock closing price was Rs 410.80, and P/E was 14.3. The stock had 52 weeks High/Low of Rs 1436/394. Lakshmi Vilas Bank Net profit of Lakshmi Vilas Bank rose 29.05% to Rs 6.93 crore in the quarter ended September 2008 as against Rs 5.37 crore during the previous quarter ended September 2007. Total operating income rose 22.20% to Rs 150.80 crore in the quarter ended September 2008 as against Rs 123.40 crore during the previous quarter ended September 2007. >>> Go To main page of Bank Results >>> Go To Page 3 of Bank Results >>> Go To Page 4 of Bank Results >>> Go To Page 5 of Bank Results Bank Results-First Quarter ended June 2008 Click here Click Here For Bank Directory Click Here For BANKEX Quotes Click Here For NSE Live Stock Quotes Click Here For BSE Live Stock Quotes   Web banknetindia.com

 

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