SBT records 13.68% YOY op-profit growth

For year ended March 31, 2014, the bank earned a total income of Rs.10,558.49 crore

State Bank of Travancore (SBT) had about 25% market share of the banking business in Kerala in the last fiscal (2013-14), with total business touching Rs.1,60,119 crore.

The bank posted an operating profit of Rs.1,370 crore up from Rs.1,351 crore.

SBT in a press release here Saturday said the overall business turnover stood at Rs.160,119 crore as against Rs.152,108 crore during 2012-2013 with deposits accounting for Rs.89,337 crore, advances Rs.70,782 crore as compared to Rs.84,624 crore of deposit and Rs.67,484 crore of advance during 2012-13.

For the year ended March 31, 2014, the bank earned a total income of Rs.10,558.49 crore as against Rs.9,287.86 crore posted during the previous year, thereby recording a year on year growth of 13.68 per cent.

Return on equity was 6.78 per cent and the return on assets stood at 0.29 per cent while an interim dividend of Rs.2.50 per share for a face value of Rs.10 was declared.

The earnings per share was Rs. 60.87.

The%age of gross NPAs to gross advances stood at 4.35 per cent as on 31st March 2014 with the gross NPA level at Rs.3,077 crore.

The percentage of Net NPA to net advances stood at 2.78% as on 31st March 2014.

In the course of the last fiscal, the bank added 104 new branches taking the total number of branches to 1,117 out of which 820 branches are in Kerala.