Public sector lender Central Bank of India on Tuesday posted a net profit of Rs 379.3 crore for the quarter ended September, a rise of 21 per cent. Also, it declared 10 per cent interim dividend.
Total income increased 14.9 per cent to Rs 3,889.8 crore, as against Rs 3,384.1 crore in the year-ago period. The bank, which is planning to come out with a rights issue, also announced an interim dividend of 10 per cent. The shareholder would get Rs 1 as dividend for every share of face value Rs 10. The bank earned an interest of Rs 3,644.3 crore during the quarter, as against Rs 2,975.5 crore in the year-ago period.
Dena Bank net up 29%
Public sector lender Dena Bank on Tuesday posted a net profit of Rs 160.6 crore for the quarter ended September, an increase of 29 per cent. It had a net profit of Rs 124.6 crore in the year-ago period, Dena Bank said in a filing to the Bombay Stock Exchange.
Total income increased 23 per cent to Rs 1,340.3 crore, as against Rs 1,088.1 crore in the year-ago period. The bank earned an interest of Rs 1,221.4 crore, as against Rs 962.7 crore in the year-ago period.
During the first six months, it clocked a 25 per cent jump in net profit to Rs 299.4 crore, as against Rs 239.6 crore in the year-ago period.
SBI Life H1 net up 87%
SBI Life, the second largest life insurer in the country, posted a net profit of Rs 217 crore during the first half of the financial year, thus registering a growth of 87 per cent. The total premium increased by 42 per cent to Rs 4,830 crore during the period.