State Bank of Travancore (SBT) :
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State Bank of Travancore (SBT), is a subsidiary of the State Bank Group and also has private share-holders. It is the premier bank of Kerala, India, where it has 777 branches. Overall, SBT has a network of over 1036 branches spread over 16 Indian states.
State Bank of Travancore (SBT) has poised three milestones during the financial year 2012-13.
1. SBT has surpassed the total business of Rs.1,50,000 crore
2. SBT has opened its 1000 th office on 26 May 2012 by opening its Gold Point Branch at Palakkad.
3. SBT has opened its 1000 th Branch at Kottakkal NRI on 30 March 2013.
State Bank of Travancore posted an operating profit of Rs.1,351 crore compared to Rs. 1,249 crore achieved during the last year. NetInterest Income grew from Rs.1,898 crore during 2011-12 to Rs. 2,128 croreregistered a growth percentage of 12.12%. Total income in the year 2012 – 13stood at Rs 9,287.86 crore from Rs 7,477.04 crore posted during 2011 – 12thereby marking a growth of 24.22 per cent. The Total expenditure of the Bank,excluding provisions and contingencies, stand at Rs 7,936.85.crore compared to Rs.6,228.25 crore in the previous year..
The Net Profit after provisions towards staff, NPA and income tax has gone up by 20.49% and is at Rs.615.04 crore compared to Rs.510.46 crore registered as at end of the previous year. The Operating Profit for the fourth quarter was higher by 11.97% at Rs.385.40 crore against Rs 344.21 crore in the same quarter last year. The Net Profit for the quarter is Rs.165.98 crore against Rs 153.04 crore in the same quarter last year.The performance of the Bank for the fiscal 2012 – 13 was taken on record by the Board of Directors of the Bank at a meeting held at Mumbai on 26 April 2013.
The Net Interest Margin (NIM) declined from 2.76.% during 2011 – 12 to 2.56% as at the end of this fiscal 2012 -13. Return on Equity is at 15.54.%, and the Return on Assets stood at 0.66.%. A dividend of Rs.20 per share for a face value of Rs.10 was declared. The Earnings per share improved to Rs. 123.01 from Rs.102.09 as at the end of the corresponding period last year. The Book Value per share stood at Rs. 797.46. against Rs. 749.76 a year ago. The overall business turnover of the Bank registered a growth of 19.94 percent and stood at Rs.1,52,108 crore as against Rs. 1,26,816 crore during last year with Deposits accounting for Rs.84,624 crore (Rs.71,470 crore) and Advances Rs.67,484 crore (Rs. 55,346 crore). Priority sector advances grew by 20.16 per cent to Rs.24378.14 crore from Rs.20,287 crore last year. The share of Priority sector lending was comfortable at 43.50% of the Adjusted Net Bank Credit as at March 2013 against the stipulated benchmark of 40%.. The Agriculture Advances under this segment improved to Rs.10,330 crore from Rs.8,902 crore thus registering 15.31% of total advances. at the end of previous year. The Bank has surpassed the benchmark level of 18% under Agriculture sector and actual achievement was 18.43% of ANBC. The Bank achieved the Bench Mark successfully. The percentage of Gross NPAs to Gross Advances stood at 2.56% as on 31 March 2013 with the Gross NPA level at Rs.1,749.88 crore. The percentage of Net NPA to Net advances stood at 1.46% ason 31 March 2013. The Bank’s Provision Coverage Ratiostood at 62.03%. . The Capital Adequacy Ratio under Basel-II framework as on 31/03/2013 is 11.70% against a minimum of 9% stipulated by RBI.The Tier-I CRAR as on 31/03/2012 is at 8.46%.
State Bank of Travancore (SBT), is a subsidiary of the State Bank Group and also has private share-holders. It is the premier bank of Kerala, India, where it has 777 branches. Overall, SBT has a network of over 1036 branches spread over 16 Indian states.
State Bank of Travancore (SBT) has poised three milestones during the financial year 2012-13.
1. SBT has surpassed the total business of Rs.1,50,000 crore
2. SBT has opened its 1000 th office on 26 May 2012 by opening its Gold Point Branch at Palakkad.
3. SBT has opened its 1000 th Branch at Kottakkal NRI on 30 March 2013.
State Bank of Travancore posted an operating profit of Rs.1,351 crore compared to Rs. 1,249 crore achieved during the last year. NetInterest Income grew from Rs.1,898 crore during 2011-12 to Rs. 2,128 croreregistered a growth percentage of 12.12%. Total income in the year 2012 – 13stood at Rs 9,287.86 crore from Rs 7,477.04 crore posted during 2011 – 12thereby marking a growth of 24.22 per cent. The Total expenditure of the Bank,excluding provisions and contingencies, stand at Rs 7,936.85.crore compared to Rs.6,228.25 crore in the previous year..
The Net Profit after provisions towards staff, NPA and income tax has gone up by 20.49% and is at Rs.615.04 crore compared to Rs.510.46 crore registered as at end of the previous year. The Operating Profit for the fourth quarter was higher by 11.97% at Rs.385.40 crore against Rs 344.21 crore in the same quarter last year. The Net Profit for the quarter is Rs.165.98 crore against Rs 153.04 crore in the same quarter last year.The performance of the Bank for the fiscal 2012 – 13 was taken on record by the Board of Directors of the Bank at a meeting held at Mumbai on 26 April 2013.
The Net Interest Margin (NIM) declined from 2.76.% during 2011 – 12 to 2.56% as at the end of this fiscal 2012 -13. Return on Equity is at 15.54.%, and the Return on Assets stood at 0.66.%. A dividend of Rs.20 per share for a face value of Rs.10 was declared. The Earnings per share improved to Rs. 123.01 from Rs.102.09 as at the end of the corresponding period last year. The Book Value per share stood at Rs. 797.46. against Rs. 749.76 a year ago. The overall business turnover of the Bank registered a growth of 19.94 percent and stood at Rs.1,52,108 crore as against Rs. 1,26,816 crore during last year with Deposits accounting for Rs.84,624 crore (Rs.71,470 crore) and Advances Rs.67,484 crore (Rs. 55,346 crore). Priority sector advances grew by 20.16 per cent to Rs.24378.14 crore from Rs.20,287 crore last year. The share of Priority sector lending was comfortable at 43.50% of the Adjusted Net Bank Credit as at March 2013 against the stipulated benchmark of 40%.. The Agriculture Advances under this segment improved to Rs.10,330 crore from Rs.8,902 crore thus registering 15.31% of total advances. at the end of previous year. The Bank has surpassed the benchmark level of 18% under Agriculture sector and actual achievement was 18.43% of ANBC. The Bank achieved the Bench Mark successfully. The percentage of Gross NPAs to Gross Advances stood at 2.56% as on 31 March 2013 with the Gross NPA level at Rs.1,749.88 crore. The percentage of Net NPA to Net advances stood at 1.46% ason 31 March 2013. The Bank’s Provision Coverage Ratiostood at 62.03%. . The Capital Adequacy Ratio under Basel-II framework as on 31/03/2013 is 11.70% against a minimum of 9% stipulated by RBI.The Tier-I CRAR as on 31/03/2012 is at 8.46%.
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