State Bank Of India

State Bank of India (SBI), country's largest public sector lender has decided to rule out increasing its lending rates following the Reserve Bank's move to hike short-term borrowing costs as part of a slew of steps to support the falling rupee. The RBI hiked the marginal standing facility (MSF) by 2% to 10.25%, to increase the investor interest in the domestic debt market and help the struggling rupee.

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.