State Bank Of India

State Bank of India (SBI), country’s largest public sector lender, has opened a sbiINTOUCH branch at Rajarhat in West Bengal. The bank has also opened three more sbiINTOUCH branches at Park Circus, Southern Avenue and Prince Anwar Shah Road in West Bengal. sbiINTOUCH branches allow customers to use machines for cash deposit, withdrawal, account opening and loan application as and when required.

sbiINTOUCH branches are designed to cater to the young generation as well as other tech savvy persons who can carry out banking transactions without going to any brick & mortar branch of the Bank.

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.