State Bank of India (SBI), country’s largest public sector lender has signed an agreement with The Numaligarh Refinery (NRL), in order to fund $90 million to finance NRL’s capital projects. The loan will be disbursed by SBI at its London branch and NRL will use these funds primarily to part finance its ongoing wax project at its refinery complex in Numaligarh.
The bank reported 4.08% rise in its net profit at Rs 3396.06 crore for third quarter ended December 31, 2012 as compared to Rs 3263.04 crore for the same quarter in the previous year. Total income from operation of the bank increased by 14.11% at Rs 33992.11 crore for quarter under review as compared to Rs 29787.37 crore for the quarter ended December 31, 2011.
Company Name | CMP |
---|---|
SBI | 905.80 |
Canara Bank | 128.05 |
Bank Of Baroda | 296.65 |
PNB | 137.00 |
Union Bank Of India | 170.00 |
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