Net profit for the same quarter during last fiscal stood at Rs 445.5 crore.
The bank's Managing Director Santanu Mukherjee said the income from interest was down by 5.64 per cent to Rs 3,434.63 crore during the quarter against Rs 3,639.85 crore in the fourth quarter of 2014-15.
SBH allocated Rs 664.34 crore towards contingencies and provisioning during the January-March quarter against Rs 431.17 crore in the same quarter of the previous fiscal.
The bank posted a 19.15 per cent drop in its net profit at Rs 1,064.93 crore for the full financial year (2015-16) as against Rs 1,317.13 crore during 2014-15.
Mukherjee said operating profit has shown an impressive growth of 13.01 per cent y-o-y to Rs 3,293 crore against Rs 2,913.66 crore in 2014-15.