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Bangalore, Oct. 20 State Bank of Mysore has reported a net profit of Rs 90.16 crore for the second quarter of the current financial year. The profits were down 1.11 per cent over the corresponding quarter of the last financial year. The dip was largely on account of increased provisioning. Provisioning for non-performing assets rose to Rs 15.67 crore, up from Rs 4.66 crore during the corresponding period of last year. Gross NPAs in the last quarter were Rs 383.56 crore, up from Rs 365.96 crore.

SBM’s gross revenues during the period rose to Rs 823.81 crore from Rs 710 crore last year. The increase was largely contributed by a rise in interest income at Rs 770.06 crore, up from Rs 605.45 crore.

More Stories on : Financial Performance | Public Sector Banks

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