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SBI Quarterly Net Profit Rises 12.4 Percent
Wednesday, 09 November 2011, 23:33 IST
Mumbai: The country's largest lender State Bank of India (SBI) reported an increase of 12.4 percent in net profit at 
2,810 crore for the quarter ended Sep 30 as against 2,501 crore during the like period of the previous financial year.
Total income stood at 29,394 crore during the quarter under review, up 23.4 percent as against 23,813 crore for the quarter ended Sep 30, 2010, the company said in a regulatory filing.
SBI's net non-performing assets (NPAs) rose marginally to 2.94 percent at the end of second quarter of the fiscal under review from 1.7 percent a year ago.
At the Bombay Stock Exchange, shares of the company were 4.66 percent lower to trade at 1,904.50.
Source: IANS
2,810 crore for the quarter ended Sep 30 as against 2,501 crore during the like period of the previous financial year.
Total income stood at 29,394 crore during the quarter under review, up 23.4 percent as against 23,813 crore for the quarter ended Sep 30, 2010, the company said in a regulatory filing.
SBI's net non-performing assets (NPAs) rose marginally to 2.94 percent at the end of second quarter of the fiscal under review from 1.7 percent a year ago.
At the Bombay Stock Exchange, shares of the company were 4.66 percent lower to trade at 1,904.50.
Source: IANS
