State Bank of Mysore reports net loss of Rs 20 crore in Q3

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

25 Jan 2017 Evaluate

State Bank of Mysore has reported results for third quarter ended December 31, 2016.

The Bank has reported a net loss of Rs 20.25 crore for the quarter under review as compared to a net profit of Rs 26.94 crore for the same quarter in the previous year. However, total income of the Bank increased 1.99% at Rs 1978.85 crore for Q3FY17 as compared to Rs 1940.22 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 14.46%, as compared to 5.48% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 9.22% in Q3FY17.

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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