State Bank Of India

State Bank of India (SBI), country’s largest public sector lender has opened customer service point (CSP) at Sabangya compound, Chungtia in Nagaland on May 28, 2014. In a separate development the bank had earlier sold non-performing assets (NPAs) worth Rs 3,590 crore during 2013-14 to asset reconstruction companies (ARCs).

The bank reported 34.20% fall in its net profit at Rs 2234.34 crore for third quarter ended December 31, 2013 as compared to Rs 3396.06 crore for the same quarter in the previous year. However, total income of the bank increased by 14.91% at Rs 39060.76 crore for quarter under review as compared to Rs 33992.11 crore for the quarter ended December 31, 2012.