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Kerala - Thiruvananthapuram Printer Friendly Page   Send this Article to a Friend

SBT posts operating profit of Rs.167.57 crore

Staff Reporter

THIRUVANANTHAPURAM: The State Bank of Travancore (SBT) has posted an operating profit of Rs.167.57 crore for the quarter ended June 30, a year-on-year increase of 7.53 per cent. The net profit stood at Rs.41.12 crore.

The interest income went up by 14 per cent and non-interest income by 20 per cent. The net interest income grew by 3.47 per cent. The total income increased by 14.78 per cent to Rs.1,023.94 crore from the Rs.892.08 crore during the corresponding quarter of 2007-08.

The capital-to-risk-adjusted-asset ratio of the bank stood at 12.91 per cent (under Basel II framework) as against the Reserve Bank of India stipulation of 9 per cent.

The net non-performing assets of the bank stood at 1.16 per cent.

The performance of the bank during the first quarter was taken on record at a meeting of its Board of Directors here on Tuesday.

The deposit base of the bank increased by 17.25 per cent year on year to Rs.36,851 crore from Rs.31,429 crore. The current and saving accounts deposit of the bank grew by 26.64 per cent.

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