SBT business grows

SBTThiruvananthapuram, April 27:  State bank of Travancore (SBT) had regarding 25 % market share of the banking business in Kerala within the last financial  (2013-14), with total business touching Rs.1,60,119 crore.

The bank denote an operational profit of Rs.1,370 crore up from Rs.1,351 crore.

SBT in a release here Saturday aforesaid the business turnover stood at Rs.160,119 crore as against Rs.152,108 crore during 2012-2013 with deposits accounting for Rs.89,337 crore, advances Rs.70,782 crore as compared to Rs.84,624 crore of deposit and Rs.67,484 crore of advance during 2012-13.

For the year all over March 31, 2014, the bank attained a complete income of Rs.10,558.49 crore as against Rs.9,287.86 crore denote during the previous year, thereby recording a year on year growth of 13.68 per cent.

Return on equity was 6.78 per cent and the come on assets stood at 0.29 per cent whereas an interim dividend of Rs.2.50 per share for a face price of Rs.10 was declared.

The earnings per share was Rs. 60.87.

The percentage of gross NPAs to gross advances stood at 4.35 per cent as on 31st March 2014 with the gross NPA level at Rs.3,077 crore.

The percentage of net NPA to net advances stood at 2.78 % as on 31st March 2014.

In the course of the last financial , the bank added  104 new branches taking the total range of branches to 1,117 out of that 820 branches are in Kerala.