New
Delhi: State
Bank of Patiala (SBP) has declared a net profit of Rs
232.94 crore for 2001-02 a 44.59-per cent rise over
the previous years Rs 161.10 crore. SBP, whose entire
equity is held by State Bank of India, has declared a
dividend of 50 per cent.
 SBP managing
director A K Purwar says the net worth of the bank has
improved from Rs 931 crore to Rs 1,142 crore. At the end
of March 2002, the banks aggregate deposits stood at
Rs 13,761 crore
a 20.58-per
cent rise. Advances were Rs 9,052 crore
a growth
of 25.86 per cent.
The bank recorded gross non-performing assets (NPAs) of
Rs 628.02 crore on 31 March 2002
down from
Rs 694.76 crore. As a percentage, the gross NPAs stood
at 9.66 per cent
down from
6.94 per cent last year. The net NPAs have come down to
2.92 per cent from 4.92 per cent.
While the capital adequacy ratio has improved to 12.55
per cent from
12.37 per cent, the earning per share on a face value
of Rs 100 stood at Rs 941, while the book value was Rs
4,614.
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