The Hindu Business Line : SBT clocks net profit of Rs 104 cr in H1

The net interest income during the period went up by 12.76 per cent to reach Rs 467.12 crore as against Rs 414.27 crore in the same period last year. The operating profit stood at Rs 302.53 crore.

The percentage of gross and net non-performing assets, which were at 4.28 per cent and 1.81 per cent, respectively, as on March 31, 2005, came down to 3.84 per cent and 1.62 per cent, respectively, at the end of the first six months of the current year.

The performance of the bank was taken on record at the meeting of the board of directors of the bank held in Chennai on Tuesday.

The credit-deposit ratio of SBT in Kerala, which stood at 56.67 per cent at the end of the previous financial year, rose to 61.53 per cent in the first half of this year.

The CD ratio of the bank as a whole increased by 3.88 per cent to reach 66.76 per cent, according to a statement.

The rise in the CD ratio was driven by a growth of Rs 1,743 crore in advances during the period as against the growth of Rs 723 crore in the corresponding period last year.

The total advances touched Rs 16,793 crore. The bank granted education loans to the tune of Rs 118 crore during the six months.

The aggregate deposits grew by Rs 960 crore to reach Rs 24,972 crore.

The personal segment deposits increased by Rs 731 crore as against Rs 377 crore in the same period last year.

The NRE deposits logged a growth of Rs 192 crore as compared to a decline of Rs 151 crore in the previous year.

The bank is planning to open 20 branches in the next few months, of which eight will be in Kerala, including a specialised personal banking branch in Pathanamthitta.

The remaining 12 branches will be in other parts of the country, such as Chandigarh, Mumbai and Gurgaon.

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