State Bank of Travancore today reported a marginal 2.3 per cent rise in net profit at Rs 185.67 crore for the first quarter ended June 30, 2013.
The bank had recorded a net profit of Rs 181.44 crore in the corresponding quarter a year ago.
Total income of the SBI’s associate bank during the quarter under review rose to Rs 2,617.04 crore from Rs
2,241.98 crore last year, it said in a filing to the BSE.
The bank made provisions and contingencies of Rs 181.19 crore during the first quarter of 2013-14, up from Rs
103.64 crore in the corresponding period of previous fiscal.
Net non-performing assets (NPAs) or bad loans of the bank also increased to 1.74 per cent during April-June quarter of the current fiscal from 1.60 per cent a year ago.
Gross NPAs stood at 3.09 per cent in the first quarter of FY 2014 from 2.85 per cent in the previous fiscal.
Shares of the bank today closed at Rs 475.15 apiece on the BSE, down 1.48 per cent from the previous close.
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