Sunday, June 28, 1998
Uco Bank stays in the red, but posts Rs 15 cr operating profit
The Calcutta-based Uco Bank on Saturday reported a net loss of Rs 96.22 crore for the year to March 31, 1998, against a net loss of Rs 176.23 crore the previous year. However, it also managed to post an operating profit of Rs 15 crore, its second in a decade of losses.
Vysya Bank net profit spurts 15% to Rs 76 cr
Vysya Bank has recorded a 15% growth in its net profit for the year ended March 31, 1998, to Rs 75.52 crore, compared with Rs 65.70 crore in the previous year. The board of directors of the Bangalore-based private sector bank have recommended a dividend of Rs 5.50 per share of Rs 10, subject to the Reserve Bank of India approval.
Honda Siel jacks up City prices
Honda Siel Cars India (HSCI) announced an increase of Rs 10,043 to Rs 39,430, with effect from July 1, on the five variants of its luxury car "City" due to the rise in input costs. The costs have gone up on account of additional duties and taxes levied in the budget.
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