State Bank of Travancore (SBT), an associate of country's largest lender State Bank of India, today said its net profit fell by 28.51% to Rs 116.95 crore in the second quarter ended September 30, 2011.
The bank had posted a net profit of Rs 163.59 crore for the July-September period of 2010.
The total income of the company rose to Rs 1,776.89 crore during the quarter, from Rs 1,372.91 crore in the same period last fiscal, SBT said in a filing to the Bombay Stock Exchange (BSE).
During the six months ended September 30, the net profit of the lender fell by 18.24% to Rs 256.20 crore from Rs 313.39 crore in the year-ago period, it said.
The bank's total income during the April-September period rose to Rs 3497.30 crore from Rs 2673.80 crore in the corresponding period of 2010-11, it added.
Shares of SBT settled at Rs 596.45, down 0.56% from the previous close on the BSE.
