State Bank of Mysore Q4 net down 29 pc at Rs 116 crore

NEW DELHI: State Bank of Mysore (SBM), an associate of SBI, today recorded 29 per cent decline in its net profit at Rs 116.15 crore for the fourth quarter ended March 31, 2012.

The bank had registered a net profit of Rs 163.83 crore in the same quarter in the previous fiscal, SBM said in a BSE filing.

Total income of the bank rose to Rs 1,525.16 crore in the January-March quarter as compared to Rs 1,218.3 crore in the same period previous fiscal, it said.

The bank earned an interest of Rs 1,340.02 crore for the fourth quarter ended March, 2012, compared to 1,060.80 crore in the same period a year ago.

For the financial year ended March, 2012, SBM's net profit slipped by 26 per cent to Rs 369.15 crore, compared to Rs 500.6 crore in the previous fiscal.

Total income of the bank rose to Rs 5,594.82 crore for the year ended March, 2012, compared to Rs 4,534.2 crore during the previous fiscal, it said.