State Bank of Hyderabad (SBH) has posted 10.6 per cent increase in net profit at Rs 251.45 crore in the first quarter ended June 30, 2015 compared with Rs 227 crore in the corresponding quarter of the previous financial year.
This was driven by 11 per cent growth in net interest income at Rs 1,108 cr and 16 per cent growth in other income at Rs 278 crore, among others, the bank said in a release.
Net interest margin edged up by 6 bps to 3.08 per cent. Gross non-performing assets declined from Rs 6,174 crore (6.26 per cent) in June 30, 2014 to Rs 5,482 crore (5.14 per cent) in June 30, 2015.