Money & Banking

SBBJ posts 24% rise in net profit

PTI Mumbai | Updated on July 19, 2011

State Bank of Bikaner and Jaipur (SBBJ) has posted a 24.2 per cent increase in its net profit to Rs 128 crore for the first quarter ended June 30, 2011.

The bank had reported a net profit of Rs 103 crore during the same period last fiscal, SBBJ said in a filing to the Bombay Stock Exchange today.

Total income rose to Rs 1,496 crore from Rs 1,232 crore. Net interest income went up by 28 per cent to Rs 909 crore during the quarter compared with Rs 710 crore in the same period in the previous fiscal, the filing said.

The bank’s Capital Adequacy Ratio (CAR) as on June 30, 2011 stood at 13.7 per cent, it added.

Published on July 19, 2011

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