Money & Banking

State Bank of Mysore Q2 profit up 8.7%

Our Bureau Bangalore | Updated on March 12, 2018 Published on November 01, 2012

State Bank of Mysore recorded an 8.68 per cent increase in profit to Rs 145.35 crore in the second quarter (Q2) of this fiscal (2012-13).

The bank’s revenues rose to Rs 1,609.55 crore, a 19.20 per cent increase over the same period last year. EPS stood at Rs 31.06 against Rs 16.62 recorded last year.

The bank’s asset quality slipped with the percentage of gross NPA (non-performing assets) to gross advances rising to 4.33 per cent (3.72 per cent).

Gross NPA in Q2 stood at Rs 1,780.31 (Rs 1,334.38 crore) and percentage of net NPA to net advances, at 1.92 per cent (1.82 per cent).

Return on asset (RoA) improved to 0.96 per cent as against 0.58 per cent in the same period last year.

The bank’s net interest income increased 18.89 per cent to Rs 472 crore (Rs 397 crore). Net interest margin (NIM) was higher at 3.31 per cent from 3.19 per cent.

Segment-wise revenues in the second quarter were as follows: from treasury operations Rs 327.42 crore (Rs 259.85 crore), up 26 per cent; corporate/wholesale banking Rs 1,037.73 crore (Rs 870.02 crore), up 19.27 per cent; and retail banking Rs 635.98 crore (Rs 510.89 crore), up 24.48 per cent.

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Published on November 01, 2012
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