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SBI Capital net up 50 pc; to pay 35 pc

Our Bureau

MUMBAI, May 20

SBI Capital Markets has recorded a 50 per cent rise in net profit at Rs 28.36 crore for the year ended March 2003 as against Rs 18.81 crore in the previous corresponding period.

The company has declared a dividend of 35 per cent for the year, which is the highest dividend it has ever declared, a press release quoted Mr D.P Roy, Chairman of SBI Capital, as saying.

During this period, the company has registered a gross income of Rs 120.62 crore (Rs 103.08 crore).

Fee income from merchant banking and advisory services grew to Rs 41.04 crore (Rs 24.21 crore).

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