State Bank Of India

State Bank of India (SBI), country’s largest public sector lender is reportedly planning to set up a new subsidiary for managing its large portfolio of real estate properties and those taken on lease or rent. Some of the major properties of the bank included Samriddhi Bhavan in Kolkata, the birthplace of the bank, which also houses the Local Head Office (LHO) of the Bengal circle. Others important properties included the Bengal circle's CGM bungalow at Shakespeare Sarani in Kolkata, chairman's bungalow and corporate office in Mumbai.

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.