all 12 public areas banks and earned a cumulative profit of around ₹15,306 crore, registering a growth of 9.2% year-on-year, despite poor performance by the big lenders. During the April-June period of the last fiscal, state-owned banks reported a total profit of Rs 14,013 crore, according to quarterly data published by public sector lenders.

Three lenders out of total 12 –

(SBI), (PNB) and – have registered a decline of 7-70% in profits.

The decline in profit by these lenders is attributed to the mark-to-market (mtm) Losses due to tight bond yields.

MTM losses occur when the held financial assets are valued by the market at a price lower than the purchase price.

Nine lenders have reported profits between 3-117% during the first quarter of FY13. The highest percentage increase was recorded by

Which made a profit of ₹452 crore as against ₹208 crore in the year-ago period. This was followed by 79% bottom line growth of ₹2,168 crore as compared to ₹1,209 crore a year ago.