Business Daily from THE HINDU group of publications
Tuesday, Jan 15, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Jan 15, 2008 ePaper | Mobile/PDA Version |
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Money & Banking
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Financial Performance Corporate Results - Public Sector Banks SBT’s 9-month net rises 28% Our Bureau Thiruvananthapuram, Jan. 14 State Bank of Travancore (SBT) registered a 27.49 per cent rise in net profit during the first nine months of the current fiscal. For the nine months ended December 2007, the net profit was Rs 236.91 crore as against Rs 185.82 crore during the corresponding period in the last fiscal, says an SBT press note. This increase is mainly on account of a 27.17 per cent year-on-year growth in non-interest income, the release adds. SBT’s total income during the first nine months of the current fiscal touched Rs 2,811.84 crore as against Rs 2,147.22 crore in the corresponding period in the last fiscal. Total business touched Rs 61,241 crore in December 2007 as against Rs 53,644 crore at the end of December 2006. The gross NPA declined from 2.47 per cent in December 2006 to 2.14 per cent as of December 2007, while the net NPA declined from 1.26 per cent to 0.97 per cent. According to the release, total advances as of December 2007 were Rs 28,164 crore, registering a year-on-year growth of 20.06 per cent. SBT’s priority sector lending grew 39.34 per cent year-on-year and touched Rs 12,964 crore. With an eye on improving its NRI business, SBT plans to open a representative office in Dubai before March this year. SBT H1 net up 12.84% SBT net climbs 62% at Rs 87.3 cr SBT aims at higher business this fiscal SBT Q2 net up 31.5 pc More Stories on : Financial Performance | Public Sector Banks
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