IOB profit dips 5%
Indian Overseas Bank (IOB) on Monday reported a 4.66 per cent decline in its net profit for the first quarter ended June 2008 to Rs 255.97 crore from Rs 268.49 crore in the comparable quarter last year. The bank’s total income during the quarter under review increased by 14.63 per cent to Rs 2,186.83 crore from Rs 1,907.79 crore in year-ago period.
Dena Q1 net up 22%
Public sector lender Dena Bank on Monday announced a net profit of Rs 68.3 crore for the first quarter ended June 2008, a 22.28 per cent increase from that in the corresponding period a year ago. The bank had a net profit of Rs 55.58 crore in the first quarter of FY08, Dena Bank said in a filing to the National Stock Exchange.
Dewan profit up 38%
Dewan Housing Finance Corporation on Monday registered a 38.57 per cent rise in its net profit to Rs 19.63 crore for the quarter ended June 2008 compared with the numbers in the corresponding period last year. The total income rose by 30.77 per cent to Rs 142.11 crore.