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SBBJ to open 100 new branches in this fiscal

04 Jun 2013 Evaluate

State Bank of Bikaner & Jaipur (SBBJ) is likely to open 100 new branches in this fiscal. It had 1,037 branches as at the end of March. Recently, the bank has inaugurated three new branches at Mayurvihar, Vikaspuri and Dwaraka in the National Capital Region. After the introduction of these three branches, banks network in Delhi/NCR has increased to 38 outlets.

The bank’s net profit for the Q4FY13 declined by 28.09% at Rs 178.24 crore as compared to Rs 247.88 crore for the Q4FY12. Its total income has decreased by 6.55% to Rs 2127.67 crore for the quarter from Rs 1996.79 crore for the corresponding quarter of the previous year.

Peers
Company Name CMP
State Bank Of India 954.00
PNB 109.90
Bank Of Baroda 231.75
Canara Bank 118.50
Union Bank Of India 168.00
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