First half yearly results shows an increase of 13.76 percent
Hyderabad, October 23, 2007
In the current financial year, the State Bank of Hyderabad in the first half yearly posted a net profit of Rs.235.57 crore compared to Rs. 207.08 crore in the last year with an increase of 13.76 percent profits. The total turnover of business has gone to Rs.74,640 from Rs.63.852 crore with a net increase of 16.90 percent increase.
Speaking to media, the SBH officials said the bank has registered an increase of 28.99 percent increase in advances with Rs.31,039 crores. The bank has posted Rs.12,003 crore advances to priority sector while for small scale industries, it registered Rs.1,825 crores.
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