SBT's operating profit of increases to Rs 1,030 crore

KOCHI: The operating profit of State Bank of Travancore ( SBT) increased to Rs.1,030 crore at the end of the third quarter of the current fiscal, registering a growth of 6.65 %. The operating profit stood at Rs. 965 crore for the same period a year ago.

SBT has posted a net profit of Rs 256 crore for the nine months ended December 2013, compared to the net profit of Rs.449 crore for the same period last year, registering a fall of 43 %. The net profit for the third quarter ending December 31, fell by 89 % to Rs 14.76 crore.

The net interest income moved up from Rs.1,558.43 crore to Rs.1,767.76 crore, showing a growth of 13.43 %. As at the end of the third quarter, the total income of the Bank increased to Rs.7,785 crore from Rs.6,743 crore a year ago, registering a growth of 15.45%.

The capital to risk weighted assets ratio (CRAR) of the Bank stood at 10.03% as at the end of 3rd quarter of the fiscal. Gross NPAs increased to 4.41% from 3.04 % as at the end of corresponding quarter last year and net NPAs stood at 2.73 % against 1.83 % during the period under review.