State Bank of India (SBI), the country’s largest bank, has opened a new branch at Moghulpura in Hyderabad on September 20, 2013. The bank has also introduced several other initiatives like Internet banking, mobile Banking and green channel banking etc for serving its customers.
On the consolidated basis, the group registered 11.82% fall in its net profit after taxes and minority interest at Rs 4298.56 crore for first quarter ended June 30, 2013 as compared to Rs 4874.70 crore for the same quarter in the previous year. However, total income of the bank, on consolidated basis, has increased by 12.23% at Rs 52502.29 crore for quarter under review as compared to Rs 46782.70 crore for the quarter ended June 30, 2012.
