State Bank Of India

State Bank of India (SBI), country’s largest public sector lender has received shareholders' approval to raise up to Rs 5,681 crore through preferential issue of equity shares to the government of India. The Bank has also got approval to raise up to Rs 15,000 crore through public or private placement.

SBI offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc. The Bank reported 34.56% fall in its net profit at Rs 2,538.32 crore for second quarter ended September 30, 2016 as compared to Rs 3879.07 crore for the same quarter in the previous year.