State Bank Of India

State Bank of India (SBI), as a part of corporate social responsibility (CSR) activity, donated an ambulance to Sneha Kiran of Mysore Spastic Society and funds for the purchase of a Braille printer to Divya Jyothi Charitable Trust. The bank, which earmarks one per cent of its profits for CSR, will spend Rs 141 crore on such activities during 2012-13. Further, the bank will be also sponsoring six sporting events during the T20 World Cup for the blind, which will be held this December.

For the year ended March 31, 2013, the bank’s net profit surged by 20.48% at Rs 14104.98 crore as compared to Rs 11707.29 crore for the year ended March 31, 2012. Bank’s total Income has increased by 12.26% to Rs 135691.94 crore for the year under review from Rs 120872.90 crore for the previous fiscal.

On consolidated basis, Group’s FY13 net profit after Minority Interest and share of Profit / (Loss) of Associates increased by 16.77% at Rs 17916.23 crore as compared to Rs 15343.10  crore in FY12. Its total Income has increased by 13.38% to Rs 200559.83 crore for the year ended March 31, 2013 from Rs 176888.97 crore for the previous year.