SBH, headquartered in Hyderabad, is a mid-sized bank with total advances of Rs 21,264 crore and deposits of Rs 35,474 crore at the end of March 2006.
The book value of SBH shares of Rs 100 each was Rs 12,255 at the end of March 2006, up from Rs 10,236 at the beginning of 2005-06. Net of gross NPAs of Rs 453 crore, the book value of the bank's shares is Rs 11,800.
Its operating profit grew by 21.71 per cent to Rs 868.09 crore despite a one-time expenditure of Rs 96 crore for arrears of wages for the period November 2002 to March 2005. The bank's net interest margin was 3.25 per cent in 2005-06.
The bank's gross non-performing assets (NPAs) decreased to 2.13 per cent from 3.46 per cent a year ago and net NPAs declined to 0.36 per cent from 0.61 per cent a year earlier.
