State Bank Of India

State Bank of India (SBI), the country’s largest lender, is planning to open 500 customer service points to bridge last mile gap between bank and customers in West Bengal. The country's largest bank already has 56,000 customer service points across states as a low-cost intermediaries for taking banking to grassroot level.

The bank reported 10.25% rise in its net profit at Rs 3692.43 crore for the quarter ended June 30, 2015 as compared to Rs 3349.08 crore for the same quarter in the previous year. Total income of the bank increased by 9.80% to Rs 44730.87 crore for the quarter under review from Rs 40739.21 crore for the corresponding quarter of the previous year.