State Bank Of India

State Bank of India (SBI) has reported results for first quarter ended June 30, 2016.

The bank has reported 31.73% fall in its net profit at Rs 2520.96 crore for the quarter ended June 30, 2016 as compared to Rs 3692.43 crore for the same quarter in the previous year. However, total income of the bank increased by 9.38% to Rs 48928.60 crore for the quarter under review from Rs 44730.87 crore for the corresponding quarter of the previous year.

On the consolidated basis, the bank has reported 77.81% decline in its net profit after taxes, minority interest and share of profit of associates at Rs 1046.00 crore for the quarter ended June 30, 2016 as compared to Rs 4713.57 crore for the same quarter in the previous year. However, total income of the bank increased by 9.90% to Rs 69414.82 crore for quarter under review from Rs 63164.50 crore for the quarter ended June 30, 2015.