State Bank of Bikaner & Jaipur (SBBJ), the largest associate bank of SBI, today reported 26 per cent rise in its net profit at Rs 270.62 crore for the first quarter ended June, 2015.
The bank had reported a net profit of Rs 214.59 crore during the April-June period of last fiscal, SBBJ said in a filing to the BSE.
Total income of the bank rose to Rs 2,683.26 crore as against Rs 2,409.80 crore in the same period a year ago.
The bank also witnessed a rise in its bad loan with gross Non-Performing Assets (NPAs) rising to 4.45 per cent of gross advances as compared to 3.6 per cent during the same quarter a year ago.
Net NPAs during the first quarter of current fiscal rose slightly at 2.36 per cent, from 2.14 per cent in the year ago period.
Shares of the bank today closed 0.35 per cent lower at Rs 528.85 apiece on the BSE.
