SIDBI's net profit up 7% at Rs 736 cr in second half of FY15

SIDBI's standalone net profit rose by 6.8 per cent to Rs 736 crore in the second half of 2014-15.
The Small Industries Development Bank of India (SIDBI) had reported a net profit of Rs 689 crore in the corresponding six months to March 2014 of the previous fiscal.
The state-owned SIDBI's total income in the six months (October-March) of 2014-15 was however down at Rs 2,701 crore, as against Rs 3,030 crore in the corresponding period of 2013-14, it said in a filing to BSE today.
On asset quality, gross non-performing assets (NPAs) of the bank were trimmed at 1.33 per cent of gross advances in the second half of FY15. While it was at 1.86 per cent in the similar period a year ago.

However, net NPAs or bad loans of the bank went up at 0.78 per cent of net advances during the six month period, compared with 0.45 per cent in the similar period of previous fiscal.
For the full year 2014-15, bank's net profit rose at Rs 1,417 crore, from Rs 1,118 crore a year ago.
Full year income, however, came down to Rs 5,741 crore during 2014-15 from Rs 5,808 crore in 2013-14.