State Bank Of India

State Bank of India (SBI), country’s largest public sector lender is coming up with its sixth apex training institute at Rajarhat in the eastern fringes of Kolkata. It has laid the foundation stone for the same and it will be situated on a 10-acre plot acquired commercially from the West Bengal Housing Infrastructure Development Corporation. With this initiative, the bank aims to train the 5,500 officers and approximately 20,000 clerks recruited in the last couple of years.

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.