State Bank of Travancore (SBT), an associate of SBI, on Wednesday clocked a loss of Rs 587.68 crore for the second quarter which ended September 30 since bad loans soared almost three times. The bank had noted a net profit of Rs 102.80 crore for the July-September period of FY2015-16.The bank's total income for this quarter of the current financial year increased to Rs 2,775.15 crore from Rs 2642.93 crore in the year-ago period. Gross non-performing assets (NPAs) grew nearly four-fold to 11.55 per cent of gross advances from 3.82 per cent a year ago.The net NPAs also rose to 7.20 per cent from 2.27 per cent. Hence, provisions and contingencies also rose nearly four-fold to Rs 786.99 crore as compared to Rs 231.32 crore in the same quarter a year ago.
On 26th Sept State Bank of Travancore share price rolled below 2 per cent. The stock was trading at Rs. 547.60, opened at Rs. 552.55 and settled at Rs. 551.95. The scrip touched the days high and low at Rs. 564 and Rs.547.60. Yesterday around 57,490 shares were traded in the counter with a traded value of Rs. 319.25 lacs, as per NSE.
State Bank of Mysore share price touched its 52 week high value at Rs. 597.90 on 17th June ’16 whereas the 52 week low value is seen at Rs. 360.00 on 25th Feb ’16. State Bank of Travancore is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter among the 1700 stocks which are listed on the NSE. State Bank of Travancore is fundamentally strong and is safe for investment, as per Dynamic analysts.
In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to State Bank of Travancore share price history.
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