SBT net leaps 24% at Rs 317.07 crore in H1
By ENS Economic Bureau - THIRUVANANTHAPURAM
02nd November 2012 09:05 AM
State Bank of Travancore (SBT) has posted a higher net profit of Rs 317.07 crore in the first-half ended September 30, 2012, compared to Rs 256.20 crore in the same period last year, a growth of 24%.
The operating profit for the period under review stood at Rs 641.43 crore against Rs 580.40 crore in the same period last year.
Net interest income increased to 14% from Rs 874.21 crore to Rs993.73 crore. Non-interest income has increased from Rs 298.91 crore to Rs 307.18 crore in the current half year.
While the Capital to Risk Weighted Assets Ratio (CRAR) of the bank improved to 12.41%, total business of the bank crossed Rs 1,34,000 crore.
The deposit base of the bank increased by Rs 3,882 crore to Rs 75,352 crore. NRI deposits showed a growth of Rs 2,487 crore to reach Rs 17,796 crore.
The bank’s MSME lending stood at Rs 8,598 crore. It had extended financial assistance to 1,321 self-help groups (SHGs) during the half-year and disbursed a loan amount of Rs 27.49 crore. The bank opened 46 new branches during the half year.
- For team Rahul, it’s good politics that will yield rich dividends for poor Indians
- Incredible India! Cuppa at Rs 1,200 is Chiru’s idea of sustainable tourism
- Farmer gets wise, beats drought with micro-irrigation
- Translation to go hi-tech; C-DAC to launch ‘Translator’
- Hurdles galore as UPA walks road to Ballot 2014
- BJP's post-Karnataka gloom: Neither united nor untainted
- Hit by chit fund scam Mamata faces biggest challenge in 2 years
- Western Ghats: Gadgil’s missive to Kasturirangan opens fresh debate
- Siddaramaiah has his way with team
- Key relationships
- Car makers run into diesel dilemma
- Jaya expresses grief over pontiff's death
- Man arrested for attempt to attack TV host Ranjini Haridas
- Rs 8K-crore plan for upgrading ICVs of Army
- Hyderabad beat Kolkata, make semis; put RCB out