The bank attributed the decline to higher provisioning for government securities which saw an additional provision of 83 crore.
SBT's total income rose 14.78 per cent to Rs 1,023.94 crore during the first quarter of the current financial year, while operating profit was 7.53 per cent higher at Rs 167.57 crore during the quarter-ended June 30, 2008. The bank's net NPAs of the bank stood at 1.16 per cent at the end of June 2008, compared to 1.02 per cent during the corresponding period last year.
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