SBM net profit down by 34% in Q4
By Neelima Shankar
Apr 30, 2013
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State Bank of India's subsidiary, State Bank of Mysore (SBM) net profits are down by 34.4 per cent to Rs 76.19 crore for the fourth quarter in the financial year 2012-13.

However, SBM's total income for Q4 is up 12.87 per cent to Rs 1,721.48 crore, while the EPS (basic) was at Rs 16.28, compared to Rs 24.82 for last year. Operating profit before provisions and contingencies increased by 34.69 per cent to Rs 353.87 crore.

Gross NPAs stood at Rs 2,080.63 crore against Rs 1,502.62 crore in the same period last year and net NPAs at Rs 1,208.75 crore against Rs 768.42 crore of last year.

Net interest margin stood at 3.22 per cent. Provisions and contingencies increased to Rs 229.69 crore from Rs 107.18 crore in the corresponding quarter of the previous year.

The total business notched up and was at Rs 1,02,951 crore as on March 31, 2013. Deposits increased by 13.52 per cent to Rs 56,970 crore. Advances were up 13 per cent, to touch Rs 45,981 crore. The credit-deposit ratio stood at 80.7 per cent. The banks' investments increased by 14 per cent to Rs 16,775 crore.


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