State Bank of Mysore reports 30% rise in Q2 net profit

State Bank Of Mysore - (Amalgamated) | Bank - Public | BFSI | BSE: 532200 | NSE: MYSOREBANK

27 Oct 2015 Evaluate

State Bank of Mysore has reported results for second quarter ended September 30, 2015.

The bank has posted a rise of 29.52% in its net profit at Rs 131.98 crore for the quarter ended September 30, 2015 as compared to Rs 101.9 crore for the same quarter in the previous year. Total income from operation has increased by 3.65% at Rs 1969.96 crore for quarter under review as compared to Rs 1900.52 crore for the quarter ended September 30, 2014.

The bank’s gross NPA for the July-September quarter of the current fiscal improved to 4.91%, as compared to 5.07% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.22% in Q2FY16.

Peers

Company Name	CMP
State Bank Of India	997.00
PNB	116.65
Bank Of Baroda	237.80
Canara Bank	123.90
Union Bank Of India	178.00
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