State Bank of Travancore aims 25% growth in current fiscal

State Bank Of Travancore - (Amalgamated) | Bank - Public | BFSI | BSE: 532191 | NSE: SBT

01 Jan 2013 Evaluate

State Bank of Travancore (SBT), the Kerala-based bank aims to grow around 25% during the current fiscal. The bank, which is expected to merge with State Bank of India (SBI), is planning to expand aggressively in other southern states.

The bank has reported 15.97% rise in its net profit at Rs 135.63 crore for the quarter ended September 30, 2012 as compared to Rs 116.95 crore for the same quarter in the previous year. Total income of the bank has increased by 24.03% at Rs 2203.92 crore for quarter under review as compared to Rs 1776.89 crore for the quarter ended September 30, 2011.

Peers

Company Name	CMP
State Bank Of India	989.80
PNB	117.20
Bank Of Baroda	234.80
Canara Bank	123.50
Union Bank Of India	177.00
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