State Bank Of India

State Bank of India (SBI), the nation’s biggest lender, has reported 46% growth in mobile banking in the year 2014 (January-December period) compared to the year ago period. The bank saw 1.25 crore customers transacted on mobile in the year 2014 compared to 85.78 lakh customers in 2013. The average mobile transaction per customer was Rs 7,052.

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.