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State Bank of Hyderabad posted a loss of ₹619.8 crore in the third quarter ended December 31, 2016, as against a profit of ₹185 crore in the corresponding quarter last year.
Interest income for the quarter was down about 17.89 per cent at ₹2,942.82 crore (₹3,584.15 crore in the same period last fiscal).
The bank posted a loss of ₹1,368 crore for the nine months ended December 31, 2016, as against a profit of ₹811.77 crore in the year-ago period.
Mani Palvesan, Managing Director, said higher loan provision of ₹4,047 crore resulted in the net loss for the nine-month period.
The bank’s total business was up at ₹2,60,023 crore; deposits increased 16 per cent year-on-year to ₹1,50,301 crore.
CASA deposits increased 43 per cent y-o-y to ₹60,309 crore and the share in total deposits too improved 758 basis points (bps) y-o-y to 40.13 per cent.
Retail deposits increased 25.14 per cent to ₹1,31,015 crore and the personal segment advances grew ₹4,015 crore (14.15 per cent) to ₹32,383 crore.
The total number of bank branches stood at 1932, of which 774 are in Telangana and 434 in Andhra Pradesh.
The bank’s retail advances account for 56 per cent of its total advances, of which personal advances alone account for 29 per cent of total advances, the bank said in a statement.
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