State Bank of Mysore (SBM), the Bangalore-based associate bank of State Bank of India, has registered a massive 80.35 per cent drop in net profit at Rs 14.31 crore compared to the corresponding period last fiscal.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
		google_ad_client = 'businessstandard';
		//google_ad_client = 'ca-businessstandard_js';
		google_ad_width = 200;
		google_ad_height = 200;
		google_ad_format = "200x200_as";
		google_ad_type = "text";
		google_ad_channel = "";
		//google_color_border = "FFFFFF";
		google_color_border = "F7F7F7";
		//google_color_bg = "FFFFFF";
		google_color_bg = "ffffff";
		//google_color_link = "639ACE";
		google_color_link = "0253B7";
		google_color_text = "000000";
		google_color_url = "D63431";
		//google_skip = adsenseSkip;
		</script> 
		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The total income for the period rose by 21.55 per cent to Rs 796.69 crore compared to the same period last fiscal. The bank&#39;s capital adequacy ratio stands at 11.3 per cent for the quarter. The gross NPA ratio declined to 1.66 per cent as on June 30, 2008 from 2.07 per cent in the year ago period. The net NPA ratio also declined to 0.41 per cent as compared to 0.42 per cent in the same quarter last year.</P></p><p class='TableClas'></p></table>


State Bank of Mysore net drops 80% in Q1

More From This Section

Rating outlook for Mumbai Airport revised to stable

Biggest fall for Re in 3 weeks; may rise from current levels

RBI forecasters cut growth projection for FY13 to 5.5%

ICICI, Axis Bank raise deposit rate ahead of RBI policy

Explore News