Standard Chartered Bank has reported a 107 per cent increase in profit after tax (PAT) for the year ended March 31, 2002, to Rs 384.6 crore from Rs 185.4 crore in the previous year.
StanChart Grindlays, the new avatar of ANZ Grindlays which was taken over by StanChart in April 2000, is likely to announce its results in the next couple of days.
The profit on securities has seen a sharp rise of 471 per cent to Rs 117.6 crore in the period from Rs 20.6 crore the previous year and the net interest income of the bank has risen by 55 per cent in fiscal 2002 to Rs 711.5 crore from Rs 460.1 crore in the previous year. However, the other income of the bank has seen a dip of 28 per cent from Rs 24 crore in fiscal 2001 to Rs 17.2 crore in fiscal 2002.
Standard Chartered Group