SBH Net Up 42 Pc @ Rs 1,166 Crore In FY11

State-owned State Bank of Hyderabad, reported 42 percent jump in net profit for the year ended March 31, 2011 compared to RR 823 crore posted in the previous financial year.

The margin of the bank up to 35 per cent Rs 2.319 crore from Rs 1,721 crore in FY11 compared to 2009-10. The bank attributed the recovery in net income to net interest income increased by over 53 percent.

Affairs total SBH has recorded 21 per cent recovery during the year, touching Rs 1,56,935 crore by March 31, 2011. Total deposits increased by more than Rs 76 186 crore rupees to exercise 10 to 91,488 crore in FY11, a growth of 20 percent, "Ms. Renu Challu, Managing Director, SBH at a press conference here .

According to him, the progress of the bank also increased to Rs 12 crore rs 103 65,447 crore, an increase of 23 per cent of Rs 53 344 crore as on 31 March 2010. CD ratio improved 154 basis points from 71.29 percent in March 2010 to 72.83 percent in March 2011, he added.