Public sector lender State Bank
of Travancore (SBT) posted a 43% drop in net profit at Rs 256 Cr for the
nine-month period ended December 31, 2013, this financial year, as against Rs
449 Cr for the same period last year. Total income during the period saw a
15.45% growth at Rs 7,785 Cr, when compared with Rs 6,743 Cr a year ago. NII
rose 13.43% to Rs 1,767.76 Cr from Rs 1,558.43 Cr last year. Operating profit
increased 6.65% to Rs 1,030 Cr from Rs 965 Cr. The capital to risk weighted
assets ratio (CRAR) during the period under review stood at 10.03% under the
Basel III framework. The regulatory minimum prescribed by the RBI was at 9%.
Gross NPAs increased to 4.41%, as against 3.04% while Net NPAs stood at 2.73%,
when compared with 1.83%.
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