State Bank of India has reported results for the quarter and year ended March 31, 2013
The bank’s net profit contracted by 18.54% at Rs 3299.22 crore for the fourth quarter as compared to Rs 4050.27 crore for the quarter ended March 31, 2012. However, total Income of the bank has increased by 6.98% to Rs 36330.87 crore for the quarter ended March 31, 2013 from Rs 33959.54 crore for the quarter ended March 31, 2012.
For the year ended March 31, 2013, the bank’s net profit surged by 20.48% at Rs 14104.98 crore as compared to Rs 11707.29 crore for the year ended March 31, 2012. Bank’s total Income has increased by 12.26% to Rs 135691.94 crore for the year under review from Rs 120872.90 crore for the previous fiscal.
On consolidated basis, Group’s FY13 net profit after Minority Interest and share of Profit / (Loss) of Associates increased by 16.77% at Rs 17916.23 crore as compared to Rs 15343.10 crore in FY12. Its total Income has increased by 13.38% to Rs 200559.83 crore for the year ended March 31, 2013 from Rs 176888.97 crore for the previous year.
