Result Update : State Bank of Mysore
State Bank of Mysore (SBM), the Bangalore-based associate bank of State Bank of India, reported close to six times rise in its net profit at Rs 82.19 crore for the first quarter ended June 30, 2009 compared to the corresponding quarter last year.
The operating profit for the period was higher by 36.02 per cent at Rs 173.96 crore compared to the year ago period.
The total income for the quarter rose by 22.86 per cent to Rs 978.79 crore as against the same period last year. Interest on advances registered an increase of 20.46 per cent to Rs 114.67 crore. The rise in profits was mainly driven by the increased interest on advances, net interest incomeand other income during the quarter.
No comments:
Post a Comment