State Bank of Patiala has reported an 87 per cent increase in net profit for the first quarter ended June 30 at Rs 224 crore (Rs 120 crore).

Total income for the quarter increased 30 per cent to Rs 2,539 crore (Rs 1,958 crore).

The bank has made a provision of Rs 27 crore during the first quarter towards non-performing assets (NPAs).

As at end June 2012, gross NPAs as a percentage of advances stood at 3.23 per cent (2.76 per cent at end June 2011).

Net NPAs as a percentage of advances stood at 1.60 per cent (0.97 per cent).

(This article was published on August 10, 2012)
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