State Bank of Hyderabad’s (SBH) net profit increased 41 per cent to Rs 284 crore in the first quarter ended June 30, 2011, compared with Rs 201 crore in the year-ago period.
The growth in net profit was mainly driven by a 29 per cent increase in net interest income at Rs 2,348 crore, SBH said in a release on Saturday.
The bank’s total business grew 18.42 per cent to touch Rs 1,58,842 crore (Rs 1,34,000 crore).