State Bank Of India

State bank of India (SBI) has been awarded with the National Award for its performance in the implementation of Prime Minister’s Employment Generation Programme (PMEGP) scheme for the year 2012 from the ministry of Micro, Small and Medium Enterprises (MSME). The country’s largest lender has secured the said award for the fourth consecutive year for its performance under the scheme since inception.

The bank reported 4.08% rise in its net profit at Rs 3396.06 crore for third quarter ended December 31, 2012 as compared to Rs 3263.04 crore for the same quarter in the previous year. Total income from operation of the bank increased by 14.11% at Rs 33992.11 crore for quarter under review as compared to Rs 29787.37 crore for the quarter ended December 31, 2011.