State Bank of Travancore has reported results for first quarter ended June 30, 2012.
On standalone basis, the bank has posted a rise of 30.31% in its net profit at Rs 181.44 crore for the quarter ended June 30, 2012 as compared to Rs 139.24 crore for the same quarter in the previous year. Total income has increased by 30.32% to Rs 2241.98 crore for quarter under review as compared to Rs 1720.40 crore for the quarter ended June 30, 2011.
Gross non-performing assets (NPAs) rose to 2.85% in the April-June quarter as against 2.18% in the same quarter previous year while net NPAs increased to 1.60%
