State Bank of Travancore (SBT) registered a 13 per cent increase in net profit to Rs 217.22 crore for the quarter ended March 2010, as against Rs 192.03 crore in the corresponding quarter previous year.
For the financial year 2010, net profit was up 12.57 per cent to Rs 684.27 crore as against Rs 607.83 crore last year. Net interest income increased 9 per cent from Rs 1,282 crore in 2008-09 to Rs 1,400 crore. The board has declared a dividend of Rs 16 per share (160 per cent) compared with Rs 13 in the previous year.
SBT managing director AK Jagannathan said the growth in net profit was achieved against a challenging backdrop, on a high base of previous year, which saw 57 per cent increase in net profit.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app