State Bank of Travancore has reported a 16 per cent increase in net profit for the July-September quarter at Rs 136 crore.
The Kerala-based bank, which is an associate of State Bank of India, had posted a net profit of Rs 117 crore in the year-ago quarter.
Net Interest Income (the difference between interest earned and expended) rose 20 per cent at Rs 503 crore from Rs 418 crore.
Net Interest Margin stood at 2.50 per cent against 2.63 per cent in September 2011.
The percentage of net non-performing assets (NPAs) decreased marginally to 1.74 per cent from 1.77 per cent in Q2 FY’12.
Gross NPAs stood at 2.98 per cent (2.84 per cent in September 2011).
Capital adequacy ratio increased to 12.4 per cent (12.1 per cent).
The shares of the bank ended higher by 0.78 per cent at Rs 515 on the Bombay Stock Exchange.
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