BoM, UCO Bank & Sundaram Fin Q1 result

BoM net more than doubles to Rs 102 cr

Public sector Bank of Maharashtra (BoM) announced that its net profit for the first quarter ended June 2009 has more than doubled to Rs 101.79 crore. The lender had posted a profit of Rs 46.63 crore in the corresponding period a year ago. 

UCO Bank bottom line rises 34% to Rs 179 cr

State-owned UCO Bank has reported a 34 per cent growth in its net profit at Rs 178. 85 crore in the first quarter of FY10, as against Rs 133.44 crore in the corresponding period a year ago. The growth in profit was driven by about a 55 per cent rise in fee-based income. The bank’s fee-based income was at Rs 252 crore in the June 2009 quarter as against Rs 162 crore in the year-ago period, said UCO Bank CMD S K Goel. 

 

Sundaram Fin net profit up 64% to Rs 61 crore

Sundaram Finance has reported a 64 per cent increase in the net profit for the quarter ended June 30, 2009, at Rs 61.23 crore compared with Rs 37.27 crore posted in the corresponding period a year ago.