State Bank of Hyderabad Stock Price

Hi I would like to have the details of the State Bank of Hyderabad’s financial position as of the quarter ended 31st March 2016?

[Kiran Chandar]

Public sector lender State Bank of Hyderabad (SBH) said its net benefit for the quarter finished March 31 dropped by 43.2 percent to Rs 253 crore because of higher provisioning for non-performing resources.

Net benefit for the same quarter amid last monetary remained at Rs 445.5 crore. The bank's Managing Director said the salary from premium was around 5.64 percent to Rs 3,434.63 crore amid the quarter against Rs 3,639.85 crore in the final quarter of 2014-15.

SBH designated Rs 664.34 crore towards possibilities and provisioning amid the January-March quarter against Rs 431.17 crore in the same quarter of the past financial.

"Sufficient procurements proposed by RBI in admiration to focused on records recognized under early acknowledgment process have been made by the bank. Notwithstanding these, extra procurement is additionally made to deal with future necessities of different resources under anxiety," the director said at a question and answer session.

The bank posted a 19.15 percent drop in its net benefit at Rs 1,064.93 crore for the full budgetary year (2015-16) as against Rs 1,317.13 crore amid 2014-15.

The Director said working benefit has demonstrated a noteworthy development of 13.01 percent y-o-y to Rs 3,293 crore against Rs 2,913.66 crore in 2014-15.

The stock prices of the State Bank of Hyderabad is currently not available as on 4th May 2016.