The Indian Express
The Financial Express
Latest News
World News
Union Budget
EIW
Market Indicators
Screen
Celebrity Chat
Express Computers
Advertisers Forum
Career India
Business Forum
Match Maker
Express Properties
Palki - Travel & Tours
Information Technology
Astrosurf
Eco-India
Dr Know
Graffiti
Crossword
Drumbeat: Ad Buzzaar
|
| |
Wednesday, May 27, 1998
Sidbi net up 28%
MUMBAI: The Small Industries Development Bank of India (Sidbi) has clocked a 28.2 per cent rise in its net profit to Rs 405 crore for 1997-98. The apex bank for the small-scale industry (SSI) sector has recorded a 15.4 per cent increase in sanctions to Rs 7,484 crore for the year while the disbursements increased by 14.3 per cent to Rs 5,241 crore. The income was up 9.2 per cent at Rs 1,408 crore.The Sidbi's board of directors, at a meeting held today at Varanasi, have decided to pay a 15 per cent divided to its parent, the Industrial Development Bank of India (IDBI). It will transfer Rs 67.50 crore to the IDBI as a return on capital at 15 per cent. Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
Top
|
|
|
|
|
