http://www.thehindubusinessline.com/industry-and-economy/banking/article3723450.ece
Growth in net interest income has helped push up the net profit of State Bank of Hyderabad by 18 per cent to Rs 335.17 crore in the first quarter of the current fiscal, from Rs 283.94 crore during the comparative quarter of last year.
The net interest income stood at Rs 962.60 crore (Rs 713.49 crore) for the quarter under review, up 34.91 per cent. The bank also made higher made provisioning for non-performing asset to increase the provision-coverage ratio to 66 per cent.
The Hyderabad-based bank’s total business expanded by 14.64 per cent to touch Rs 1,82,092 crore as on June 30, 2012. Deposits have touched Rs 1,03,909 crore, logging a year-on-year growth of 12.20 per cent. Advances have increased by 18.06 per cent to Rs 78,183 crore.
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