State Bank Of India

State Bank of India (SBI), the country’s largest public sector bank has set up a foreign exchange division at its SME branch, Kodialbail, on July 06, 2015. This is the 30th branch in Bengaluru circle to be declared a forex branch.

The bank has posted a rise of 65.52% in its net profit at Rs 134.42 crore for the quarter ended March 31, 2015 as compared to Rs 81.21 crore for the same quarter in the previous year. Total income of the bank has increased by 11.55% at Rs 1308.04 crore for quarter under review as compared to Rs 1172.58 crore for the quarter ended March 31, 2014.