SBH Q3

State Bank of Hyderabad posted a 63% drop in net profit at Rs 119 Cr during the third quarter (Sept-Dec) of the current financial year, as against a net of Rs 332 Cr in the corresponding period last financial year. Net interest income (NII) was up just 1.28% to Rs 989 Cr as against Rs 976 Cr last year. Gross non-performing assets (NPAs) moved to Rs 5,589 Cr in December 2013 from Rs 3,186 Cr in March last year. Net NPAs too piled up to Rs 3,013 in December last year, as against Rs 1,449 Cr in March last. Net NPA ratio was higher at 3.21% from 1.61%. Total advances increased by Rs 4,784 Cr to reach Rs 96,955 Cr, while deposits grew by Rs 3,972 Cr at Rs 122,211 Cr. The total business stood at Rs 219,166 Cr as at the end of December 2013. The bank's credit deposit ratio increased to 79.13% in December 2013, up from 76.83% in December 2012.