Public sector lender State Bank of Hyderabad reported a net profit of Rs 283.94 crore for the quarter ended June 30, a 41.1 per cent rise compared with the Rs 201.24-crore profit in the same period a year ago.
Growth of 29.32 per cent in interest income at Rs 2348.56 crore during the quarter mainly contributed to the increased profits. Net interest income rose 15.23 per cent to Rs 713.49 crore from Rs 619.17 crore during the first quarter of the previous year. Net interest margin stood at 3.14 per cent.
