State Bank Of India

State Bank of India, the country’s largest public sector bank is reportedly planning to open 8 new branches and 63 new ATM counters in the State of Tripura. At present there are 51 branches of the bank and 108 ATM counters in Tripura. The bank is also planning to increase the Credit Deposit ratio to 50% from 34% by giving more service to the customers in Tripura.

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.