The State Bank of Travancore (SBT) has registered a net profit of Rs 171.04 crore for the financial year 2002-03, which is a 41 per cent jump compared with the previous year.
The board of the bank has declared a dividend of 50 per cent as against 30 per cent during the last fiscal.
Earnings per share was at Rs 342.08 (as against Rs 241.86 last year) and the book value per share has reached the level of Rs 1,445.60 (as against Rs 1220.28 last year).
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Emphasising that the total business has crossed the figure of Rs 25,000 crore, an SBT spokesperson said the deposits have recorded an impressive growth of 18.32 per cent attaining a level of Rs 15,926 crore.
The bank continues to be the preferred destination among non-resident Indians, he claimed.
Advances have grown at 23 per cent to touch Rs 9,171 crore. The bank