State Bank of Bikaner & Jaipur's net up 18% in Q4 at Rs 280 cr

For fiscal ending March 31, 2015, the bank's net profit grew by 6% to Rs 777 cr y-o-y

State Bank of Bikaner & Jaipur's net profit after tax recorded a 17.65% growth on a y-o-y basis in the fourth quarter ended March 31, 2015 to Rs 280.25 crore. The total income of the bank rose by 7.36% to Rs 2,634.66 crore. 

For the fiscal ending March 31, 2015 the bank's net profit grew by 6. 17% to Rs 776.87 crore y-o-y. At the same time total income grew by 9. 81% to Rs 9, 931.84 crore. 

The Net Interest Margin (NIM) of the bank recorded a drop to 3.37% as on March 31, 2015 compared with 3.62% a year ago. The Net Interest Income (NII) of the bank grew by 4.17% to Rs 2,941. 43 crore. 

The non interest income rose by 5. 71% to Rs 926. 39 crore. The provision coverage ratio of the bank was at 57. 05% compared with 56 67% a year ago.