State Bank of Mysore (SBM) today posted a 38 per cent drop in net profit to Rs 39.79 crore for the first quarter ended June 30, 2012.
It had posted a net profit of Rs 64.28 crore for the same quarter last fiscal, SBM said in a filing to the BSE.
The total income of the bank increased in the April-June quarter to Rs 1,566.72 crore from Rs 1,291.81 crore in the year-ago period.
The bank's gross non-performing assets (NPAs) rose to 4.67 per cent during the quarter ended June 30, 2012 from 2.83 per cent in the same quarter year-ago.
