State Bank of Bikaner & Jaipur (SBBJ) has reported a 41 per cent decline in net profit for the quarter ended December 31, 2013, at Rs 152 crore ( Rs 215 crore).Total income for the quarter under review increased 10 per cent to Rs 2,289 crore ( Rs 2,082 crore.)
The bottomline was weighed down by additional provisioning bad loans, staff benefits and tax expense, B. Sriram, Managing Director, SBBJ , said. He Expressed hope that the bank's bottomline this fiscal will come close to the Rs 730 crore acheived last year. For the nine months ended December 31,2013, SBBJ reported a net profit of Rs 494 crore, lower than net profit of Rs 552 crore in same period in the previous year.
The bottomline was weighed down by additional provisioning bad loans, staff benefits and tax expense, B. Sriram, Managing Director, SBBJ , said. He Expressed hope that the bank's bottomline this fiscal will come close to the Rs 730 crore acheived last year. For the nine months ended December 31,2013, SBBJ reported a net profit of Rs 494 crore, lower than net profit of Rs 552 crore in same period in the previous year.
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