Total income for the reporting quarter increased to Rs 839.98 crore, from Rs 787.99 crore in the same period last year.
For the six months ended September 2003, the bank has registered a 123 per cent growth in net profit for the six months ended 30 September, 2003, at Rs 143.88 crore.
Operating profit on the other hand registered a 49 per cent rise at 320.66 crore. Non performing assets at the bank has also declined to 5.21 per cent and the bank hopes to take the figure below five per cent this year.
The banks hopes to achieve a total deposit of Rs 28,800 crore by March 2004. Advances were target at Rs 15,500 crore. Incremental advances made in the first half stood at Rs 650 crore while deposits stood at Rs 2005 crore.
Further, the bank will see its Tier-I capital rise by Rs 60 crore once its scam-tainted subsidiary, All-Bank Finance Ltd, is merged with it. This will raise AllBank
