State Bank Of India

State Bank of India (SBI), the nation’s biggest lender, is planning to install 4,000 cash re-cyclers, a machine that accepts and dispenses cash. The bank has recently launched the e-CORNER facility at its Andalpuram branch in Tamil Nadu. The bank had at least one green channel counter in a branch to enable customers to do transactions without filling up any forms.

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.