State Bank of Hyderabad has registered a 91 per cent rise in net profit at Rs 310.52 crore during the second quarter ended September 2014-15.
It had a net profit of Rs 162.72 crore in the July-September quarter of the previous fiscal 2013-14.
The bank’s income in Q2 2014-15 rose to Rs 3,675.24 crore as against Rs 3,506.70 crore a year ago.
Its provisions towards bad loans reduced to Rs 312.06 crore in Q2, over Rs 344.16 crore in the year-ago period.
On asset quality, the gross bad loans or non-performing assets increased to 5.73 per cent of total advances in the second quarter, from 4.79 per cent a year ago.
Net NPAs too rose to 2.87 per cent during the period, over 2.5 per cent a year ago.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.