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State Bank of Bikaner and Jaipur reports 12% rise in Q1 net profit

23 Jul 2013 Evaluate

State Bank of Bikaner and Jaipur has reported results for first quarter ended June 30, 2013.

On standalone basis, the bank has reported a rise of 11.83% in its net profit at Rs 187.52 crore for the quarter, as compared to Rs 167.69 crore for the same quarter in the previous year. Total income of the bank has increased by 10.26% to Rs 2189.81 crore for the quarter under review as compared to Rs 1986.10 crore for the quarter ended June 30, 2012.

Gross non-performing assets (NPAs) increased to 3.88% in the April-June quarter as against 3.71% in the same quarter previous year, while net NPAs decreased to 2.27% as compared to 2.31%.

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SBI 1080.35
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