Bharat Overseas net down 43%

BS 200 SCORECARD

Net profit of Bharat Overseas Bank (BOBL) fell 43 per cent to Rs 20.05 crore for the year ending March 31, 2005 compared with Rs 35.08 crore in the previous year. Total income increased to Rs 238 crore (Rs 230.11 crore).

Provisions and contingencies increased to Rs 34.27 crore (Rs 21.75 crore). Operating profit fell 4.4 per cent to Rs 54.32 crore (Rs 56.83 crore). Gross advances increased 18 per cent to Rs 1,680 crore (Rs 1,428 crore). Total deposits grew 11.24 per cent to Rs 2,749 crore (Rs 2,472 crore).

In 2004-05, the bank made a cash recovery of Rs 24 crore, which brought down its net NPA to 1.57 per cent from 2.26 per cent in 2003-04. BOBL's capital adequacy ratio was at 14.95 per cent as on March 31, 2005.