Grindlays Bank

GRINDLAYS BANK'S Indian branches have had a most successful year, both financially and in the kind of services that they have been able to offer its customers. Growth in deposits and advances achieved the highest levels in bank's long history in India, with deposits rising from Rs 611 crore in 1982 to Rs 705 crore at end of 1983 and advances from Rs 456 crore to Rs 550 crore. In line with increased business volume, profit after tax amounted to Rs 6.3 crore against Rs 4.2 crore previously despite a high inflationary impact on costs.