labels: banks & institutions
State Bank of Indore net increases by 95%news
Our Banking Bureau
01 June 2002

New Delhi: State Bank of Indore has reported a 95.5-per cent jump in its net profit to Rs 125.10 crore in the financial year 2001-02 as compared to the Rs 63.66-crore profit posted in the previous fiscal.

The banks reserves and surpluses increased from Rs 293.48 crore as on 31 March 2001 to Rs 395.10 crore as on 31 March 2002, a bank release said.

The book value of its share of face value Rs 100 has improved from Rs 1,777.03 as on 31 March 2001 to Rs 2,357.71 as on 31 March 2002 an improvement of 32.68 per cent.



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State Bank of Indore net increases by 95%