State Bank Of India

State Bank of India (SBI) has launched six Digital Branches in the country on July 01, 2014, one each at Ahmedabad, Chennai, Delhi and Mumbai and two branches at Bengaluru. The concept of Digital Branches by SBI is its own initiative, and further roll out would depend on the success of such branches opened.

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.