State Bank of Hyderabad (SBH) has recorded 33.4% rise in net profit at R445.51 crore in the fourth quarter compared to R333.89 crore in the corresponding quarter of previous fiscal. For the full year, the net profit increased by 29.19% at R1,317 crore from R1,019 crore.
In a release, SBH said that the net interest income (NII) grew by 10.49% to R4,392 crore from R3,975 crore. The net interest margin improved by 24 bps at 3.29%. The bank’s total business stood at R2,40,775 crore. The credit deposit ratio was 82.89 % as on March 2015, up from 82.13 % in March 2014. The CASA deposit increased by 16.87% YoY, from R36882 crore in March 2014 to R43105 crore in March 2015.
With intense recovery drive taken up by the bank, gross non-performing assets declined from R5,824 crore (5.89%) in March, 2014 to R4,984 crore (4.59%) in March, 2015. The provision coverage ratio (PCR) improved from 54.50% in March 2014 to 61% in March 2015.
The bank’s personal segment loans portfolio increased by 17.01 % y-o-y from R21,968 crore in March 2014 to R25,705 crore in March 2015. The return on assets stood at 0.89% in March 2015 against 0.70% in March 2014. The return on equity is at 14.66% in March 2015 against 12.74% in March 2014. The cost of deposits declined to 7.26% in March 2015 from 7.50% in March 2014 and net interest margin increased to 3.29% in March 2015 from 3.05% in March 2014.