State Bank of Travancore reports 59% fall in Q2 net profit

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

06 Nov 2013 Evaluate

State Bank of Travancore has reported results for second quarter ended September 30, 2013.

The bank has reported a fall of 59.20% in its net profit at Rs 55.34 crore for the quarter ended September 30, 2013 as compared to Rs 135.63 crore for the same quarter in the previous year. However, total income of the bank increased by 16.43% at Rs 2566.09 crore for quarter under review as compared to Rs 2203.92 crore for the quarter ended September 30, 2012.

Gross non-performing assets (NPAs) increased to 3.50% in the July-September quarter as against 2.98% in the same quarter previous year, however net NPAs has increased to 2.07%.

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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