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Bank Results

Results of Banks in India-Second Quarter ended September 2008


Oriental Bank of Commerce

Net profit of Oriental Bank of Commerce rose 35.37% to Rs 236.89 crore in the quarter ended September 2008 as against Rs 175.00 crore during the previous quarter ended September 2007. Total operating income rose 30.76% to Rs 2151.83 crore in the quarter ended September 2008 as against Rs 1645.68 crore during the previous quarter ended September 2007. As on 20th October the stock closing price was Rs 161.55, and P/E was 9.3. The stock had 52 weeks High/Low of Rs 321/122.

Federal Bank

Private sector lender Federal Bank announced a net profit of Rs 114.28 crore for the second quarter of this fiscal, a 19.87 per cent growth over the corresponding quarter a year-ago. The total income of the bank rose to Rs 932.31 crore, from Rs 675.06 in the corresponding period last year. As on 20th October the stock closing price was Rs 161.05, and P/E was 7.5. The stock had 52 weeks High/Low of Rs 395/160.

Dhanalakshmi Bank

Net profit of Dhanalakshmi Bank rose 17.85% to Rs 8.78 crore in the quarter ended September 2008 as against Rs 7.45 crore during the previous quarter ended September 2007. Total operating income rose 23.92% to Rs 97.70 crore in the quarter ended September 2008 as against Rs 78.84 crore during the previous quarter ended September 2007. As on 20th October the stock closing price was Rs 51.45, and P/E was 10.3. The stock had 52 weeks High/Low of Rs 118/44.

UCO Bank

Net profit of UCO Bank rose 35.79% to Rs 150.09 crore in the quarter ended September 2008 as against Rs 110.53 crore during the previous quarter ended September 2007. Total operating income rose 28.25% to Rs 1993.73 crore in the quarter ended September 2008 as against Rs 1554.53 crore during the previous quarter ended September 2007. As on 20th October the stock closing price was Rs 29.50, and P/E was 5.7. The stock had 52 weeks High/Low of Rs 88/25.



ING Vysya Bank

Net profit of ING Vysya Bank rose 2.15% to Rs 46.97 crore in the quarter ended September 2008 as against Rs 45.98 crore during the previous quarter ended September 2007. Total operating income rose 30.41% to Rs 531.62 crore in the quarter ended September 2008 as against Rs 407.65 crore during the previous quarter ended September 2007. As on 20th October the stock closing price was Rs 183.85, and P/E was 10.9. The stock had 52 weeks High/Low of Rs 389/166.

Indian Overseas Bank

Net profit of Indian Overseas Bank rose 12.30% to Rs 359.02 crore in the quarter ended September 2008 as against Rs 319.70 crore during the previous quarter ended September 2007. Total operating income rose 25.73% to Rs 2427.03 crore in the quarter ended September 2008 as against Rs 1930.32 crore during the previous quarter ended September 2007. As on 20th October the stock closing price was Rs 94.95, and P/E was 4.3. The stock had 52 weeks High/Low of Rs 229/70.

Karur Vysya Bank

Net profit of Karur Vysya Bank rose 43.38% to Rs 62.24 crore in the quarter ended September 2008 as against Rs 43.41 crore during the previous quarter ended September 2007. Total operating income rose 31.17% to Rs 357.98 crore in the quarter ended September 2008 as against Rs 272.91 crore during the previous quarter ended September 2007. As on 20th October the stock closing price was Rs 248.15, and P/E was 7. The stock had 52 weeks High/Low of Rs 548/209.

Allahabad Bank

Net profit of Allahabad Bank declined 82.62% to Rs 41.68 crore in the quarter ended September 2008 as against Rs 239.79 crore during the previous quarter ended September 2007. Total operating income rose 22.36% to Rs 1845.96 crore in the quarter ended September 2008 as against Rs 1508.57 crore during the previous quarter ended September 2007. As on 20th October the stock closing price was Rs 56.55, and P/E was 2.9. The stock had 52 weeks High/Low of Rs 143/53.

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