State Bank Of India

State Bank of India (SBI), the nation’s biggest lender, has inked a term loan agreement for Rs 10,000 crore with NTPC, India’s biggest electricity generator. The loan has a door to door tenure of 15 years and will be utilized to part finance the capital expenditure of NTPC.

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.