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Friday, August 10, 2012

SBI net jumps 137% to Rs 3,751.6 cr

Despite a general slowdown in the economy, State Bank of India has posted a 137 per cent jump in net profit at Rs 3,751.56 crore in the April-June quarter against Rs 1,583.55 crore in the corresponding year-ago period.

In the reporting quarter, India’s biggest bank posted a 17 per cent increase in total income at Rs 32,415.49 crore (Rs 27,731.67 crore), according to a filing made by the bank with the BSE.

Notwithstanding the robust bottomline performance, the bank’s shares were trading at Rs 1,920 per share, down 2.63 per cent, on the BSE at 12.55 pm.


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