State Bank of Bikaner & Jaipur (SBBJ) on Tuesday reported a 12 per cent rise in the June quarter net at Rs 188 crore on the back of a healthy treasury gains.
The Jaipur-headquartered bank, an associate of State Bank of India, had reported a post-tax profit of Rs 168 crore in the corresponding period last year. Its treasury income grew 600 per cent to Rs 91 crore in the reporting quarter from Rs 13 crore a year ago.Newly inducted managing director B Sriram declined to give the bank's outlook on the same, especially in the wake of the newly-announced liquidity tightening measures by RBI.
SBBJ's net interest income income was flat at Rs 657 crore during the quarter, even as the advances grew 13.29 per cent during the three months to 30 June.
The share of the low-cost current and saving account deposits grew to 39.61 per cent as on June 30 this year from 36.27 per cent in the year ago. However, the bank's net interest margin dipped to 3.50 per cent as against the 3.90 per cent in the year-ago quarter. SBBJ's gross non-performing assets ratio deteriorated to 3.88 per cent as against the 3.71 per cent in the year-ago period.
Sriram said that the bank has decided not to write off accounts and is holding on to them, which has pushed up the ratio.
The Jaipur-headquartered bank, an associate of State Bank of India, had reported a post-tax profit of Rs 168 crore in the corresponding period last year. Its treasury income grew 600 per cent to Rs 91 crore in the reporting quarter from Rs 13 crore a year ago.Newly inducted managing director B Sriram declined to give the bank's outlook on the same, especially in the wake of the newly-announced liquidity tightening measures by RBI.
SBBJ's net interest income income was flat at Rs 657 crore during the quarter, even as the advances grew 13.29 per cent during the three months to 30 June.
The share of the low-cost current and saving account deposits grew to 39.61 per cent as on June 30 this year from 36.27 per cent in the year ago. However, the bank's net interest margin dipped to 3.50 per cent as against the 3.90 per cent in the year-ago quarter. SBBJ's gross non-performing assets ratio deteriorated to 3.88 per cent as against the 3.71 per cent in the year-ago period.
Sriram said that the bank has decided not to write off accounts and is holding on to them, which has pushed up the ratio.