Tuesday, October 28, 2014

Mr.Sharad Sharma,Mg.Director addressing the media.Mr.Kalyan Mukherjee
CGM (seated right) & Mr.Saswata Chaudhuri,CGM (seated left).

STATE BANK OF MYSORE.

Q2 Results ending 30.09.2014.

HIGHLIGHTS:

1.Net profit up by 240% during quarter (Y-O-Y)
2.Operating Profit up by 28%.
3.Provision Coverage Ratio
   up at 63%.
4.Net Interest Income registered a growth of over 10% y-o-y,while other income by 26% y-o-y.
5.Profit Before Tax up by over 17% y-o-y.
6.Net Interest Margin is maintained at 3.02%.
7.Gross NPA has declined to 5.07% AND Net NPA has also declined to 2.94%.
8.CASA improved to 34.52% y-o-y. 9.Credit Deposit ratio at 80%. The bank has
997 branches at present & will be reaching 1000 branches shortly.
Addressing the media Mr.Sharad Sharma,Managing Director of the bank said
that the bank has taken certain initiatives like cutting down the bulk deposits
and reducing exposure to corporates & Industries have benefited the bank.


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