State Bank of Mysore reports 38% fall in Q1 net profit

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

26 Jul 2012 Evaluate

State Bank of Mysore has reported results for first quarter ended June 30, 2012.

The bank has registered a fall of 38.10% in its net profit at Rs 39.79 crore for the quarter under review as compared to Rs 64.28 crore for the same quarter in the previous year. However, total income of the bank has increased by 21.28% at Rs 1566.72 crore for Q1FY13 as compared Rs 1291.81 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) rose to 4.67% in the April-June quarter as against 2.83% in the same quarter previous year while net NPAs increased to 2.43%.

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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