State Bank Of India

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SBI reports 31% growth in Q2 consolidated net profit

Date: 14-11-2014

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

The bank has registered 30.54% jump in its net profit at Rs 3100.41 crore for the quarter under review as compared to Rs 2375.01 crore for the same quarter in the previous year. Total income of the bank has increased 12.46% at Rs 41833.36 crore for Q2FY15 as compared Rs 37199.92 crore for the corresponding quarter previous year.

On consolidated basis, the bank’s net profit after taxes and minority interest for the quarter under review registered 30.95% growth at Rs 4023.84 crore against Rs 3072.77 crore in the September quarter of previous fiscal. The bank’s total income has increased by 15.02% at Rs 61098.67 crore for the quarter from Rs 53118.63 crore in the similar quarter of previous year.