State Bank Of India

State Bank of India (SBI) is planning to launch mobile wallet app -- Batua. Its unique feature is that it will be available for feature phone users. ‘Batua’ can be used to make utility payments, transfer funds and buy air tickets, among others things and it will be available in 13 languages.

The bank reported 25.11% rise in its net profit at Rs 3879.07 crore for the quarter ended September 30, 2015 as compared to Rs 3100.41 crore for the same quarter in the previous year. The bank’s total income increased by 12% to Rs 46854.81 crore for the quarter under review from Rs 41833.36 crore for the corresponding quarter of the previous year.