Saturday, October 31, 2009

SBI Q2 net profit at Rs 3,133 crore

The country's largest lender, State Bank of India, today reported a consolidated net profit of 3,133 core for the second quarter ended September 30.

The bank had a net profit of Rs 2,458 crore in the same period previous fiscal, State Bank of India (SBI) said in a filing to the Bombay Stock Exchange.

"The figures are not comparable pursuant to the merger of State Bank of Saurashtra with the bank last year," the bank said.

Total income stood at Rs 33,101.65 crore in the July-September quarter, while it had a total income of Rs 27,083.47 crore in the same period previous fiscal.

On standalone basis, the bank posted a net profit of Rs 2,490.04 crore in the second quarter, however it had a net profit of Rs 2,259.72 crore in the same period last year.

Total income stood at Rs 21,301.04 crore in the quarter ended September 30, while it had a total income of Rs 17,909.64 crore in the same period corresponding fiscal.

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