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SBH profit raises 35% in first half

HYDERABAD: State Bank of Hyderabad (SBH) has registered s 35 per cent increase in net profit during the first-half of 2010-11. Announcing results here on Tuesday, Renu Challu, Managing Director said that indicators such as 47 per cent growth in operating profit, 70 per cent jump in net interest income and decline in the cost of deposits from 6.19 per cent to 5.71 per cent underscored consistency and sustainability in the bank's performance. The bank achieved an operating profit of Rs. 938.61 crore and net profit of Rs. 465.72 crore during the first-half. — Special Correspondent

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