State Bank Of India

State Bank of India (SBI) is aiming to achieve net profit of Rs 1,500 crore profit from domestic treasury operations this fiscal which is a shade less than double compared to last fiscal and is also set to post substantial improvement in gains during the first quarter. The bank’s profit from domestic treasury operations stood at Rs 810 crore last fiscal. It was garnered from the sale of investments in domestic segment, besides Rs 288 crore from overseas treasury operations, totaling a full Rs 1,098 crore.

Of the Rs 810 crore posted from domestic treasury operations, Rs 597 crore came in from equities and other segments like mutual fund investments, and Rs 213 crore from sale of bonds, comprising both government securities and corporate bonds among others.

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.