NEWS & ADVICE : CREDIT CARDS
SBT reported a drop down of 50% in its net profit
By Ankit Sharma
Apr 28, 2014
Print    Email    RSS   

According to the reports last year State Bank of Travancore gained a profit of Rs 615.04 crore, which dropped down by 50% and came down to Rs Rs 304.34 crore, However the overall business of the bank has increased from Rs 152,108 crore to Rs 160,119 crore during FY14.

On the other hand the deposits increased from Rs 84,624 crore, to Rs 89,337 crore nd the advances went up to Rs 70,782 crore. Other income grew 30.46 per cent to touch Rs 851.95 crore, as against Rs 653.02 crore. The percentage of net NPAs to net advances stood at 2.78 per cent.

The bank has launched 104 new branches in FY 14, making a total of 1117 branches from which majority of branches i.e. 820 branches accounts in kerala only. SBT has also launched the service of kiosk banking. At present the bank is having a huge banking network with 1117 branches and 1352 ATM across the country.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
IMPS- remittance facility through mobile...
Kisan Credit Card: Allowing easy credit...
Safety tips to use plastic money online
Carnival of Indian Personal Finance Blogs #3
Credit Report: A Key Financial Indicator


i will like to know if i have any dueson my sbi...
How can I clear my CIBIL PROBLEM?
what is my credit card statement
i forgot my ATM pin number i could i get it again

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive