Hi I am interested in having the details of the audited Financial Report of the State Bank of Hyderabad for the quarter / Year ended 31st March 2016?

State Bank of Hyderabad (SBH) reported a 43 per cent drop in net profit at Rs 253 crore for fourth quarter ended March 2016 on rise in provision for stressed advances.

SBH, a partner managing an account unit of State Bank of India, posted a net benefit of Rs 445 crore in January-March 2015. Its aggregate wage for the reporting quarter declined to Rs 3,907 crore, from Rs 4,145 crore in the year-prior period.

Its net benefit for FY16 was Rs 1,064 crore against Rs 1,317 crore for FY15. Santanu Mukherjee, overseeing chief of SBH, said net benefit descended because of higher arrangements made for focused on credits recognized in the Asset Quality Review.

The bank has chosen to skip installment of profit 2015-16 on ascend in arrangements for non-performing resources, he included. The loan specialist made arrangements of Rs 538 crore in the final quarter of FY16, from Rs 153 crore in the year-prior quarter.

It additionally put aside Rs 330 crore as cradle to deal with future slippage from powerless credits worth Rs 4,000 crore. These records have a place with steel, material, power and foundation parts.

The bank's gross NPAs rose to Rs 6,590 crore (5.75 for every penny) in March 2016 from Rs 4,984 crore (4.59 for each penny) toward the finish of March 2015. It sold NPAs worth Rs 1,679 crore to resource reproduction organizations in FY16.

The arrangement scope proportion was 57 for every penny toward the finish of March 2016. The capital sufficiency proportion was 11.62 for every penny toward the finish of March 2016, well above administrative necessities. It has assessed extra capital prerequisite at Rs 3,600 crore for a long time.

Please find the file attached below which has the audited Financial Report of the State Bank of Hyderabad for the quarter / Year ended 31st March 2016

Audited Financial Report – State Bank of Hyderabad - 31st March 2016

Attached Files

Audited Financial Report – State Bank of Hyderabad - 31st March 2016.pdf (3.05 MB, 117 views)