| Barclays India FY06 net up 95% |
| Our Web Bureau / Mumbai June 29, 2006 |
| Barclays India has nearly doubled its net profit for the financial year ended March 2006, with strong growth in key business segments, including investment banking and risk management. According to an official release issued today, the bank reported a net profit of Rs 120 crore, as compared with Rs 62.5 crore a year earlier. Revenues surged 82% to Rs 2.7 billion. Operating profits jumped 86% to Rs 220 crore from Rs 120 crore the previous year. The net non-performing assets (NPAs) ratio continues to be nil. Raju Shukla, MD and head of investment banking & debt capital markets, Barclays Capital India, said: |
