The aggregate net profit of private banks has increased in 2000-2001 by 11.3 per cent to Rs 6,424 crore. However, the aggregate profits of both public and foreign banks have declined by 15.6 per cent and 2.4 per cent, respectively.
Among the state-run banks, Dena Bank and Indian Bank were in the red, while in the private sector The Benaras State Bank, Nedungadi Bank and SBI Commercial & International Bank posted losses last year. There were 11 foreign banks of the 42 posting net losses in fiscal 2001. The list includes American Express Bank, Dresdner Bank and Oman International Bank.
Public banks' collective net profit has fallen by 15.62 per cent to Rs 4316.94 crore. In this group, the net profit of SBI and its associates fell by 17.07 per cent to Rs 2,221.85 crore, while that of the nationalised banks has fallen by 14.03 per cent to Rs 2095.09 crore.
The net profits of foreign bank as a group fell by 2.38 per cent to Rs 944.91 crore in the previous financial year.
Among private banks, the net profit of old private banks has shown a 11.63 per cent drop to Rs 522.84 crore, while that of new private banks have risen by 12.29 per cent to Rs 639.41 crore.
The net profit as a percentage of total assets is the maximum for foreign banks which was at 0.93 per cent compared with private sector banks which was at 0.71 per cent and 0.42 per cent for public banks.
However, the net profit as a percentage of total assets has fallen from 1.17 per cent in 1999-2000 to 0.93 for foreign banks.
The comparative fall in percentage of profit for new private banks was from 0.97 per cent to 0.81 per cent, while that of old private banks was from 0.81 per cent to 0.62 per cent in the last fiscal.
For public banks, the fall is from 0.57 per cent in 1999-2000 to 0.42 per cent in 2000-2001. The fall is more acute in the case of SBI group -- to 0.55 per cent from 0.80 per cent earlier. In case of nationalised banks, it had fallen to 0.33 per cent from 0.44 per cent in 1999-2000.
