Gross of Non-Performing Assets
(NPA's) at State Bank of Hyderabad (SBH) jumped 196.2% to INR 15,306.98 Crores
at the end of the September quarter from INR 5,167.80 Crores a year ago, SBH
reported a second quarter net loss of INR 776.64 Crores due to higher
provisions. The bank has declared a net profit of INR 375.31 Crores in the last
year same quarter. The loss was confined due to tax write-back of INR 197.12
Crores against tax expenses of INR 189.87 Crores.
Net Interest Income (NII) falls
1.38% to INR 1,111.56 Crores in the September quarter from INR 1,127.06 Crores
last year. Other income increased 73.3% to INR 569.59 Crores from INR 328.68 Crores
in the same period last year. Employee cost fell 24.3% from a year ago to INR
261.38 Crores. Gross Non-Performing assets (NPAs) at SBH jumped 196.2% to INR 15,306.98
Crores at the end of the September quarter from INR 5,167.80 Crores a year ago.
As a percentage of total loans, gross NPAs were at 13.66% at the end of the
September quarter as compared to 4.92% in the previous year. Provisions and
contingencies surged 755% to INR 2,074.94 Crores in the quarter from INR 242.70
Crores a year ago. Net NPAs were at 8.64% in the September quarter compared to
2.39% in the last year.
Post A Comment:
0 comments: