SBBJ Net Report

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.
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