BOBL net up to Rs 13.54 crore

Chennai: The city-based Bharat Overseas Bank (BOBL) has clocked a net profit of Rs 13.54 crore during the first half of the current fiscal as against Rs 9.02 crore posted for the corresponding period last year.

The bank''s operating profit for the period under review stood at Rs 29.63 crore.

According to the bank, the total volume of business stood at Rs 3,473 crore (deposits: Rs 2,211 crore; advances: Rs 1,262 crore).

The credit:deposit ratio is 57.09 per cent and the capital adequacy ratio is 13.24 per cent.