SBI Q1 net soars 79% at Rs 1,426 crore
Country's largest lender announces a 78.55 per cent jump in net profit at Rs 1,425.81 crore for the first quarter ended June 30.india Updated: Jul 28, 2007 13:08 IST
Country's largest lender State Bank India (SBI) on Saturday announced a 78.55 per cent jump in net profit at Rs 1,425.81 crore for the first quarter ended June 30, compared to Rs 798.57 crore for the corresponding period last year.
The total income has risen by 27.83 per cent at Rs 12,229.09 crore for the June quarter compared to that of Rs 9,566.79 crore in the year ago period, the state-run bank said in a communique to the Bombay Stock Exchange (BSE).
The group posted a consolidated net profit of Rs 1,861.66 crore after minority interest for the first quarter as against Rs 963.01 crore for the same period last fiscal.
The consolidated turnover of the group stood at Rs 18,882.68 crore for the April-June quarter compared to that of Rs 14,118.97 crore for the corresponding period a year ago.