NEWS & ADVICE : HOME LOANS
State Bank of Bikaner Q4 net profit dips 28%
By Joseph Samson
May 7, 2013
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The public sector lender, State Bank of Bikaner and Jaipur posted a 28 per cent dip in net profit for the fourth quarter which ended on March 31, 2013 at Rs 178.24 crore against Rs 247.88 crore in the corresponding quarter of the previous fiscal.

The bottom-line performance was weighed down due to 31.50 per cent increase in provisioning, largely due to weakening quality of assets and higher non-performing assets (NPA).

However, for FY 2011-12, SBBJ recorded 11.99 per cent increase in net profit at Rs 731.98 crore against Rs 578.94 crore.

On the merger issue, Mr. B. Sriram, Managing Director of SBBJ, said there is no proposal on the table for the merger of SBBJ with SBI.


 


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