SBH Q2 profit jumps 91% at Rs 310 cr

State Bank of Hyderabad has registered 91 per cent rise in net profit at Rs 310.52 crore during the second quarter ended September, 2014-15.
It had a net profit of Rs 162.72 crore in the July- September quarter of the previous fiscal, 2013-14.
Bank's income in Q2, 2014-15 rose to Rs 3,675.24 crore, as against Rs 3,506.70 crore a year ago.
Its provisions towards bad loans reduced to Rs 312.06 crore in Q2, over Rs 344.16 crore in the year-ago period.
On asset quality, the gross bad loans or Non-Performing Assets increased to 5.73 per cent of the total advances in the second quarter, from 4.79 per cent a year ago.

Net NPAs too rose to 2.87 per cent during the period, over 2.5 per cent a year ago.