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Bank Results

Results of Banks in India-Third Quarter ended December 2008


Canara Bank

Net profit of Canara Bank rose 52.89% to Rs 701.50 crore in the quarter ended December 2008 as against Rs 458.83 crore during the previous quarter ended December 2007. Total operating income rose 30.29% to Rs 4625.44 crore in the quarter ended December 2008 as against Rs 3550.16 crore during the previous quarter ended December 2007. As on 26th February the stock closing price was Rs 161.10, and P/E was 3.6. The stock had 52 weeks High/Low of Rs 280/135.

Central Bank of India

Net profit of Central Bank of India rose 75.74 % to Rs 353.26 crore in the quarter ended December 2008 as against Rs 201.01 crore during the previous quarter ended December 2007. Total income rose to Rs 3,033.41 crore in the quarter ended December 2008 as against Rs 2,205.48 crore during the previous quarter ended December 2007. As on 26th February the stock closing price was Rs 33.35, and P/E was 2.1. The stock had 52 weeks High/Low of Rs 104/32.

Corporation Bank

Net profit of Corporation Bank rose 34.3 % to Rs 256.4 crore in the quarter ended December 2008 as against 190.9 crore during the previous quarter ended December 2007. The bank’s total income in the period rose 50.5 per cent to Rs 1,905.5 crore compared to the same quarter last year, while the net interest income increased by 37.30 per cent to Rs 477.98 crore. As on 26th February the stock closing price was Rs 163.10, and P/E was 2.8. The stock had 52 weeks High/Low of Rs 358/155.

City Union Bank

Net profit of City Union Bank rose 26.6% to Rs 32.13 crore in the quarter ended December 2008 as against Rs 25.38 crore during the previous quarter ended December 2007. Interest earned for the quarter rose 34.47% to Rs 208.22 crore, while total income for the quarter jumped 40.02% to Rs 2,46.65 crore, when compared with the prior year period. As on 26th February the stock closing price was Rs 12.45, and P/E was 3.2. The stock had 52 weeks High/Low of Rs 40/12.



Dena Bank

Net profit of Dena Bank rose 38.87% to Rs 140.36 crore in the quarter ended December 2008 as against Rs 101.07 crore during the previous quarter ended December 2007. Total operating income rose 41.23% to Rs 955.61 crore in the quarter ended December 2008 as against Rs 676.62 crore during the previous quarter ended December 2007.As on 26th February the stock closing price was Rs 30.30, and P/E was 2.1. The stock had 52 weeks High/Low of Rs 69/24.

Development Credit Bank

Development Credit Bank reported net loss of Rs 3.22 crore in the quarter ended December 2008 as against net profit of Rs 25.71 crore during the previous quarter ended December 2007. Total operating income rose 22.25% to Rs 167.62 crore in the quarter ended December 2008 as against Rs 137.11 crore during the previous quarter ended December 2007. As on 26th February the stock closing price was Rs 17.40, and P/E was (N.A). The stock had 52 weeks High/Low of Rs 121/17.

Dhanalakshmi Bank

Net profit of Dhanalakshmi Bank rose 205.61% to Rs 16.9 crore in the quarter ended December 2008 as against Rs 5.53 crore during the previous quarter ended December 2007. Bank's total income rose 44% to Rs 123.86 crore in Q3 December 2008 over Q3 December 2007. Its was up 62% NII at Rs 37.4 crore versus Rs 23.05 crore on YoY basis. As on 26th February the stock closing price was Rs 44.50, and P/E was 6.4. The stock had 52 weeks High/Low of Rs 100/37.

>>>
(A-B) Bank Results
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Bank Results-Second Quarter ended September 2008 Click here
Bank Results-First Quarter ended June 2008 Click here


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