State Bank Of India

State Bank of India (SBI), the country’s largest public sector bank is planning to foray into Mobile point-of-sale terminal business. In this regard, the bank is seeking partners. Moreover, the public sector lender is eying 1,25,000 Mobile point-of-sale terminal in 18 months.

The bank reported 35.07% fall in its net profit at Rs 2375.01 crore for the quarter as compared to Rs 3658.14 crore for the same quarter in the previous year. However, total income of the bank increased by 12.88% at Rs 37199.92 crore for quarter under review as compared to Rs 32953.47 crore for the quarter ended September 30, 2012.