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State Bank of India reports 33% fall in Q2 consolidated net profit

13 Nov 2013 Evaluate

State Bank of India has reported results for the second quarter ended September 30, 2013.

The bank has reported 35.07% fall in its net profit at Rs 2375.01 crore for the quarter as compared to Rs 3658.14 crore for the same quarter in the previous year. However, total income of the bank has increased by 12.88% at Rs 37199.92 crore for quarter under review as compared to Rs 32953.47 crore for the quarter ended September 30, 2012.

On the consolidated basis, the group has registered a fall of 32.84% in net profit after taxes, minority interest and share of profit of associates at Rs 3072.77 crore as compared to Rs 4575.31 crore in the same quarter previous year. However, total income of the group rose 6.41% to Rs 53118.63 crore for quarter under review as against Rs 49917.47 crore in corresponding quarter previous year.

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