State Bank Of India

State Bank of India (SBI), Country’s largest public sector lender, is expecting around Rs 4,000 crore worth infusion from Centre this fiscal that would ramp up its capital base to over 13%, as mentioned in a media report. However, by which way the government would infuse this capital, still remains undecided.

State Bank of India reported 30.16% rise in its net profit at Rs 3658.14 crore for the quarter as compared to Rs 2810.43 crore for the same quarter in the previous year. Total income of the bank has increased by 12.11% at Rs 32953.47 crore for quarter under review as compared to Rs 29394.32 crore for the quarter ended September 30, 2011.

On consolidated basis, the bank has reported 31.84% rise in its net profit at Rs 4575.31 crore for the quarter as compared to Rs 3470.43 crore for the same quarter in the previous year. Total income of the bank has increased by 21.03% at Rs 49917.47 crore for quarter under review as compared to Rs 41244.65 crore for the quarter ended September 30, 2011.