State Bank Of India

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Large Cap | Bank - Public
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SBI reports 25% fall in consolidated Q1 net profit

Date: 16-08-2011

State Bank of India (SBI) has reported unaudited results for the first quarter ended June 30, 2011.

The bank’s net profit for the quarter ended June 30, 2011 has declined 45.66% at Rs 1583.55 crore as compared to Rs 2914.20 crore for the corresponding quarter last year. Its total income increased by 25.24% at Rs 27731.67 crore for the quarter under review from Rs 22142.08 crore for the same quarter last year.

On consolidated basis, the Group has posted a fall of 25.34% in its net profit after minority interest at Rs 2512.47 crore as compared to Rs 3365.26 crore for the quarter ended June 30, 2010. Its total income has increased by 19.26% at Rs 39126.06 crore for the quarter under review as compared to Rs 32808.06 crore for the similar quarter of the previous year.