SBI Q1 net grows 21.5 pc to over Rs 3,467 cr

The country's largest lender State Bank of India today reported a 21.54 per cent growth in consolidated net profit to Rs 3,467.09 crore for the first quarter ended June 30, 2010, over the same period last year.

The country's largest lender State Bank of India today reported a 21.54 per cent growth in consolidated net profit to Rs 3,467.09 crore for the first quarter ended June 30, 2010, over the same period last year.

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The bank had a net profit of Rs 2,852.45 crore in the year-ago period, SBI said in a filing to the Bombay Stock Exchange.

SBI's total income, however, decreased marginally to Rs 32,808.06 crore in April-June quarter of 2010 from Rs 33,132.7 crore in the same quarter last fiscal.

On a standalone basis, SBI net profit grew 25 per cent to Rs 2,914.2 crore in the first quarter, up from Rs 2,330.37 crore in the year-ago period.

The bank's income increased to Rs 22,142.08 crore in the quarter under review from Rs 21,041.51 crore in the year-ago period.