SBT

By Research Desk
about 9 years ago
SBT

 

State Bank of Travancore its Q4 and FY15 numbers and the market was thrilled. There was not only a major improvement in profitability but also improvement in asset quality. The Bank posted a four times (YoY) jump in net profit for the quarter at Rs.192 crore from Rs.48 crore. Net interest income (NII) though fell 5% at Rs.581 crore but this was more than made up by the 29% jump in other income at Rs.372 crore. It reduced its provision for bad loans by 23% (YoY) and down 37% (QoQ) at Rs.142 crore.

In terms of asset quality, Gross NPA fell by a very good 154 bps to 3.37%  from 4.91% and Net NPA fell 102 bps to 2.04% from 3.06% (QoQ). Capital adequacy ratio was at 10.89% v/s 10.10% in Q3.

The Bank ended FY15 with a 10% rise in net profit a Rs.335 crore.

 

607.25 (+7.60)

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