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New Delhi, Oct. 25 State Bank of Bikaner and Jaipur (SBBJ) has reported a net profit of Rs 114.06 crore during the second quarter ended September 30, 2008. This represented an 87.8 per cent increase over the net profit of Rs 60.74 crore recorded in the same period last year.

The bank’s net profit was higher by 74.6 per cent over the first quarter.

A release issued by the bank said deposits grew 26.6 per cent year-on-year to touch Rs 37,257 crore, while gross advances grew 34.8 per cent to Rs 29,133 crore.

The total business has increased to a level of Rs 66,390 crore as on end September 2008 compared to Rs 31,046 crore as on end-September 2007 and Rs 61,971 crore as on end-June 2008, the release added.

More Stories on : Financial Performance | Public Sector Banks

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