Business Daily from THE HINDU group of publications
Wednesday, Jul 16, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Wednesday, Jul 16, 2008 ePaper | Mobile/PDA Version | Audio |
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Money & Banking
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Financial Performance Corporate Results - Public Sector Banks SBT operating profit rises Our Bureau Thiruvananthapuram, July 15 State Bank of Travancore (SBT) has posted an operating profit of Rs 167.57 crore for the quarter ended June 30, marking a year-on-year increase of 7.53 per cent. The net profit stood at Rs 41.12 crore. The interest income of the bank during the three-month period went up by 14 per cent and the non-interest income by 20 per cent over the same quarter in the previous year. The net interest income grew by 3.47 per cent, according to a release from the bank. The total income rose by 14.78 per cent to Rs 1,023.94 crore from Rs 892.08 crore during the same period last year. The capital to risk adjusted assets ratio was at 12.91 per cent (under Basel II framework) as against the nine per cent stipulated by the Reserve Bank. The net NPAs of the bank stood at 1.16 per cent. The deposit base increased on a year-on-year basis by 17.25 per cent to Rs. 36,851 crore from Rs 31,429 crore. More Stories on : Financial Performance | Public Sector Banks
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