Business Daily from THE HINDU group of publications
Friday, Nov 03, 2006
ePaper
Business Daily from THE HINDU group of publications Friday, Nov 03, 2006 ePaper |
|
|
|
|
|
|
|
Money & Banking
-
Public Sector Banks BoM upbeat on growth Our Bureau
MR RAJIV MADHOK
New Delhi , Nov. 2 Aided by a robust credit growth, Bank of Maharashtra expects to post higher profits in the second half of the current financial year than the levels recorded in the first six months. "We are confident of recording good growth in the third and fourth quarters. We are on the right track," Mr Rajiv Madhok, Executive Director, Bank of Maharashtra, told reporters here on Thursday.
The bank had registered a net profit of about Rs 121 crore in April-September, 2006. The bank expects to grow its advances to Rs 22,000 crore as on March 31, 2007, from a level of about Rs 17,000 crore as on March 31, 2006. Mr Madhok said that total advances as on September 30 this year stood at Rs 19,200 crore, which represents a 36.82 per cent year-on-year growth. He also said that the bank has set for itself a business turnover target of Rs 1 lakh crore by 2009. The bank also plans to spend Rs 77 crore for bringing 600 branches under the core banking solutions (CBS) over the next two years.
More Stories on : Public Sector Banks
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|