State Bank Of India

State Bank of India (SBI), country’s largest public sector lender has introduced two more branches in South Africa, one in Chatsworth and the other in Laudium (Pretoria). It already has five branches in South Africa - Johannesburg, Durban, Cape Town, Port Elizabeth and Lenasia. With its own ATM cards and internet banking facility, SBI is the first and only international bank to start retail operations in South Africa.

The bank has registered a surge of 136.91% in its net profit at Rs 3751.56 crore for first quarter ended June 30, 2012 as compared to Rs 1583.55 crore for the same quarter in the previous year. Total income of the bank has increased by 16.89% at Rs 32415.49 crore for Q1FY13 as compared Rs 27731.67 crore for the corresponding quarter previous year.