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IDBI net profit rises 8.7%

Oct. 29: Industrial Development Bank of India (IDBI) has posted an 8.69 per cent rise in net profit at Rs 125 crore for the second quarter ended September 30, 2003, compared with Rs 115 crore recorded in the corresponding previous quarter.

Income from operations in the period under review has decreased to Rs 1,720 crore from Rs 2,035 crore last year, IDBI said in a release here today.

BoI Q2 net up 17%

Bank of India (BoI) has posted a 16.62 per cent rise in net profit at Rs 226.76 crore for the second quarter ended September 30, 2003 as against Rs 194.43 crore in the same period last fiscal.

The total income for the reporting quarter grew marginally by 1.3 per cent to Rs 1,894.30 crore as against Rs 1,869.01 crore in the year-ago period.

Canara Bank net rises

Canara Bank today reported a net profit of Rs 581 crore for the half-year ended September, up 38.6 per cent over Rs 419 crore recorded during the same period last year.

PNB H1 net jumps

Punjab National Bank today reported a 33.7 per cent growth in net profit at Rs 551.52 crore in the first half of this fiscal from Rs 412.41 crore in the corresponding period last year. Total income was up by 13 per cent to Rs 4,866 crore during the first half of this fiscal.

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