State Bank Of India

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Large Cap | Bank - Public
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State Bank of India reports 39% fall in Q3 consolidated net profit

Date: 14-02-2014

State Bank of India has reported results for third quarter ended December 31, 2013.

The bank has reported 34.20% fall in its net profit at Rs 2234.34 crore for the quarter as compared to Rs 3396.06 crore for the same quarter in the previous year. However, total income of the bank has increased by 14.91% at Rs 39060.76 crore for quarter under review as compared to Rs 33992.11 crore for the quarter ended December 31, 2012.

On the consolidated basis, the group has reported 38.93% fall in its net profit at Rs 2838.62 crore for the quarter ended December 31, 2013 as compared to Rs 4648.44 crore for the same quarter in the previous year. However, total income of the group has increased by 15.11% at Rs 58642.16 crore for quarter under review as compared to Rs 50942.14 crore for the quarter ended December 31, 2012.