<p>Mumbai: State-owned Bank of India on Saturday reported a 10 per cent growth in its June quarter net profit at Rs 1,703 crore, limited by a rise in money set aside for tackling bad loans.</p>.<p>The bank had reported a net profit of Rs 1,551 crore in the year-ago period.</p>.SBI's net profit almost flat at Rs 17,035 crore in April-June quarter.<p>Its core net interest income grew 6 per cent to Rs 6,275 crore in the reporting quarter on the back of a nearly 16 per cent jump in advances and the net interest margin widening by 0.04 per cent to 3.07 per cent.</p>.<p>The non interest income declined to Rs 1,302 crore from Rs 1,462 crore during the quarter.</p>.<p>Deposit growth came at 9.74 per cent during the reporting quarter.</p>.<p>On the credit expansion front, both retail and agriculture showed healthy growth of over 20 per cent during the quarter while MSME book expanded by 13 per cent.</p>.<p>The gross non performing assets ratio improved to 4.62 per cent at the end of the quarter.</p>.<p>The provisions for bad assets increased to Rs 1,215 crore, up from the Rs 776 crore in the year-ago period, and seemed to be one of the major factors limiting the earnings growth.</p>.<p>The overall capital adequacy for the lender stood at 16.18 per cent, with the core buffer level at 13.62 per cent. </p>
<p>Mumbai: State-owned Bank of India on Saturday reported a 10 per cent growth in its June quarter net profit at Rs 1,703 crore, limited by a rise in money set aside for tackling bad loans.</p>.<p>The bank had reported a net profit of Rs 1,551 crore in the year-ago period.</p>.SBI's net profit almost flat at Rs 17,035 crore in April-June quarter.<p>Its core net interest income grew 6 per cent to Rs 6,275 crore in the reporting quarter on the back of a nearly 16 per cent jump in advances and the net interest margin widening by 0.04 per cent to 3.07 per cent.</p>.<p>The non interest income declined to Rs 1,302 crore from Rs 1,462 crore during the quarter.</p>.<p>Deposit growth came at 9.74 per cent during the reporting quarter.</p>.<p>On the credit expansion front, both retail and agriculture showed healthy growth of over 20 per cent during the quarter while MSME book expanded by 13 per cent.</p>.<p>The gross non performing assets ratio improved to 4.62 per cent at the end of the quarter.</p>.<p>The provisions for bad assets increased to Rs 1,215 crore, up from the Rs 776 crore in the year-ago period, and seemed to be one of the major factors limiting the earnings growth.</p>.<p>The overall capital adequacy for the lender stood at 16.18 per cent, with the core buffer level at 13.62 per cent. </p>