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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1077.55
13.05 (1.23%) SBI to opens three new branches in Visakhapatnam
Date: 20-01-2016State Bank of India (SBI) is planning to open three new branches -- at Kaparada, Kommadi, Chinamushidivada in Visakhapatnam (Vizag) and another at Balaga in Srikakulam district in Andhra Pradesh by the end of March 2016.
The bank has 336 branches and three processing cells -- two for home and housing loans and one for MSMEs - across Visakhapatnam, Srikakulam and Vizianagaram districts.
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.