SBT Q1 profit grows 62.5% to Rs 81.3 cr

State Bank of Travancore today said its net profit grew by 62.5 per cent at Rs 81.32 crore in the first quarter ended June 30, 2015, against Rs 50.03 crore in the year-ago period.
Kerala-based SBT's total income grew to Rs 2,652.14 crore during the first quarter as against Rs 2,644.24 crore in the same period of last year.
However, the bank's provisioning for NPAs rose to Rs 245.52 crore as compared to Rs 221.41 crore during April-June 2014.
"During the quarter ended June 30, 2015, the bank has allotted 11850694 equity shares of Rs 10 each at a price of Rs 400 per share (including premium of Rs 390 per share) aggregating to Rs 474.03 crore on right issue basis," the bank said.