State Bank Of India

State Bank of India (SBI), the country’s largest public sector bank is planning to open 400 more ATMs in Kerala by the end of March 2014. Currently, the bank operates more than 41,000 ATMs across the country. The bank has recently opened its 1,000th ATM at Sasthamangalam in Kerala. The bank is also planning to install 79 more Cash Deposit Machines (CDM) at various branches. At present, the SBI has installed CDMs in 35 branches which help customers avoid queues.

State Bank of India has reported 34.20% fall in its net profit at Rs 2234.34 crore for third quarter ended December 31, 2013 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.