The Hindu Business Line : SBT net up at Rs 54 cr in Q1

State Bank of Travancore (SBT) has recorded net profit of Rs 53.86 crore for the first quarter ended June, compared to Rs 47.61 crore in the corresponding previous period.

Operating profit rose to Rs 172.63 crore (Rs 147.42 crore), according to a bank release.

Interest income went up by 19.76 per cent to Rs 634.28 crore (Rs 529.64 crore). Net interest income rose by Rs 54.90 crore to Rs 266.32 crore.

Gross NPAs came down to Rs 582.36 crore (Rs 646.50 crore).

The credit-deposit ratio of the bank in Kerala, which was at 59.96 per cent at the end of the fiscal, rose to 63.64 per cent.

The personal segment deposits rose to Rs 17,328 crore from Rs 16,675 crore as on March 31, 2006. While domestic deposits rose from Rs 8,799 crore to Rs 9,064 crore, NRI deposits moved up from Rs 7,876 crore to Rs 8,264 crore.

The personal segment advances grew by Rs 349 crore (Rs 316 crore).Housing loans showed a growth of Rs 104 crore to touch Rs 2,944 crore.

During the quarter, the bank launched two new loan products in the form of overdraft facility in the personal segment - the SBT Max Gain Housing Loan and the Multiple Limit ODI.

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