State Bank Of India

State Bank of India (SBI), the nation’s biggest lender, is reportedly planning to set up a wholly owned subsidiary to manage its large portfolio of real estate, including at least 1,000 offices and 10,000 officers' apartments. The proposed subsidiary will aim to reduce costs, improve operational efficiency and productivity, and streamline processes. This subsidiary will also create a better working environment and construct environment-friendly landmark buildings, with good landscaping.

SBI has registered 30.54% jump in its net profit at Rs 3100.41 crore for second quarter ended September 30, 2014 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.