State Bank of India registered a 69.82% rise in net profit at Rs 1,808.64 crore for the quarter ended December 31, 2007, against Rs 1,065.06 crore in the corresponding third quarter of fiscal 2006-07. The bank?s total income for the quarter was Rs 15,364 crore, against Rs 11,268 crore in the corresponding period last year.
As of December 31, 2007, the bank?s net non-performing asset ratio decreased by 0.01% at 1.44% on a quarter-on-quarter basis. Its net interest margin (excluding CRR balances) was 3.01% and capital adequacy ratio remained at 12.28%.
The net interest income of the bank for the first three quarters of the current fiscal rose by 16.26% to Rs 1,22, 20.64 crore, against Rs 1,05,11.49 crore during the corresponding period last year.
The CASA ratio of the bank remained at 41.05%, and deposits grew by 26.16% at Rs 5,10,132 crore on a year-on-year basis, as of December 31, 2007.
On a year-on-year basis, the gross advances rose by 25.57% to Rs 3,95,343 crore as of December 31, 2007. Segments in the advances portfolio such as personal loans, home loans, agriculture loans and small & medium enterprise loans grew by 18.06%, 16.02%, 28.21% and 33.60%, respectively.
