State Bank of Mysore has posted a net profit of Rs.204.75 crore in the first-half of 2010-11, registering a year-on-year growth of over 13 per cent.
The bank made an operating profit of Rs.552.90 crore, an increase of 46 per cent over the previous year.
Interest income increased by 13 per cent to Rs.1,961 crore during the six-month period. In a statement, Dilip Mavinkurve, Managing Director, SBM, said the growth in operating profit “has been largely contributed by growth net interest income, which witnessed a growth of over 52 per cent.”
The ratio of Gross Non Performing Assets to all assets was 3.12 per cent at the end of September. The net NPA ratio was 1.47 per cent.
Keywords: State Bank of Mysore