SBI Q3 net profit up 4 per cent at Rs3,396 crore
14 Feb 2013
State Bank of India (SBI), the country's largest lender, has reported a 4-per cent increase in its net profit, at Rs3,396 crore, for fiscal third quarter ended 31 December 2012.
The state-run bank had posted a net profit of Rs3,263 crore in the year-ago quarter.
Profit for the October-December 2012 quarter was muted by higher provisioning and bad loans, SBI said in a filing with the Bombay Stock Exchange (BSE).
Other income, however, zoomed more than 75 per cent to Rs3,648 crore.
On a consolidated basis, SBI's net profit rose 7.64 per cent to Rs4,648 crore during the October-December quarter. It was Rs4,318 crore in the year ago period.
Total income of the bank rose to Rs33,992 crore during the fiscal third quarter, from Rs29,787 crore in the corresponding period a year ago.
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