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SBI reports marginal rise in Q1 consolidated net profit

08 Aug 2014 Evaluate

State Bank of India (SBI) has reported results for first quarter ended June 30, 2014.

The bank’s net profit for the quarter rose by 3.33% at Rs 3349.08 crore as compared to Rs 3241.08 crore for the quarter ended June 30, 2013. Its total income has increased by 12.56% to Rs 40739.21 crore for the quarter under review from Rs 36192.62 crore for the corresponding quarter of the previous year.

On the consolidated basis, the bank has reported 3.48% rise in its net profit after taxes, minority interest and share of profit / (loss) of associates at Rs 4448.15 crore for the quarter as compared to Rs 4298.56 crore for the same quarter in the previous year. Its total income has increased by 15.46% at Rs 60620.93 crore for quarter under review as compared to Rs 52502.29 crore for the quarter ended June 30, 2013.

Peers
Company Name CMP
State Bank Of India 940.20
PNB 116.00
Bank Of Baroda 235.20
Canara Bank 117.80
Union Bank Of India 172.25
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