State Bank Of India

State Bank of India (SBI), the country's largest public sector bank has partnered with money transfer services company - MoneyGram International and the latter's principal agent Thomas Cook (India) to provide in-bound money services across SBI's key branches. To begin with SBI's 100 branches will provide these services.

With this deal, MoneyGram International will be able to immensely increase consumer’s access to the company's services across India. The bank's locations throughout India will make it be more convenient than ever to receive money from anywhere in the country.

The bank’s net profit for the quarter has registered growth of 12.36% at Rs 2,810.43 crore whereas the same was at Rs 2,501.37 crore for the quarter ended September 30, 2010.  Bank’s total income has increased by 23.44% at Rs 29,394.32 crore for the quarter under review whereas the same was at Rs 23,813.30 crore for the corresponding of the previous fiscal.