SBBJ Q3

State Bank of Bikaner & Jaipur (SBBJ) has reported a 41% decline in net profit for the quarter ended December 31, 2013, at Rs.152 Cr (Rs.215 Cr). Total income for the quarter under review increased 10% to Rs.2,289 Cr (Rs.2,082 Cr). The bottom-line was weighed down by additional provisioning for bad loans, staff benefits and tax expense, B. Sriram, Managing Director, SBBJ, said. He expressed hope that the banks bottom-line this fiscal will come close to the Rs.730 Cr achieved last year. For the nine months ended December 31, 2013, SBBJ reported a net profit of Rs.494 Cr, lower than net profit of Rs.552 Cr in same period in the previous year.