State Bank Of India

BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
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SBI reports marginal rise in Q1 consolidated net profit

Date: 08-08-2014

State Bank of India (SBI) has reported results for first quarter ended June 30, 2014.

The bank’s net profit for the quarter rose by 3.33% at Rs 3349.08 crore as compared to Rs 3241.08 crore for the quarter ended June 30, 2013. Its total income has increased by 12.56% to Rs 40739.21 crore for the quarter under review from Rs 36192.62 crore for the corresponding quarter of the previous year.

On the consolidated basis, the bank has reported 3.48% rise in its net profit after taxes, minority interest and share of profit / (loss) of associates at Rs 4448.15 crore for the quarter as compared to Rs 4298.56 crore for the same quarter in the previous year. Its total income has increased by 15.46% at Rs 60620.93 crore for quarter under review as compared to Rs 52502.29 crore for the quarter ended June 30, 2013.