47 p.c. growth for State Bank of Hyderabad

State Bank of Hyderabad has reported a net profit of Rs. 91.90 crores in the first six months ended September 30, 2001 against Rs. 62.32 crores in the corresponding period last year, a growth of 47 per cent.

Total income grew by 18 per cent to Rs. 1,097 crores from Rs. 927 crores. Despite falling market yields, income from advances recorded a 14.23 per cent growth and that from investments 15.68 per cent.

Total business on a year-to-year basis increased impressively to Rs. 22,923 crores, reflecting a 18.41 per cent growth. Deposits went up to Rs. 14,906 crores from Rs. 12,140 crores and advances to Rs. 8,017 crores from Rs. 7,219 crores.

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