State Bank of Bikaner and Jaipur (SBBJ) reported a 48% rise in its net profit at Rs127.5 crore in the second quarter of the 2010-11, driven by higher interest income.
The bank had net profit of Rs90.1 crore during the same period last fiscal, SBBJ said in a statement.
For the half-year ending 30 September 2010, SBBJ's net profit stood at Rs230.7 crore. During the half year, the bank's revenues increased by 37% to Rs800.6 crore from Rs583 crore in the same period last year.
The bank has declared an interim dividend at Rs7.2 per share for the financial year 2010-11.
On Tuesday, SBBJ shares shed 1.1% at Rs746 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.9% to 19,983 points.
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