SBI first quarter '07-08 net vaults 79 per cent to Rs1,426 crore
28 Jul 2007
Mumbai:
State Bank India (SBI), the country''s largest lender, posted a 78.55 per cent
jump in its first quarter (April-June 2007-08) net profit at Rs1, 425.81 crore,
compared to Rs 798.57 crore for the corresponding period of the previous financial
year.
Total income rose 27.83 per cent to Rs12, 229.09 crore for the June quarter against Rs9,566.79 crore in the year-ago period, SBI said in a filing with the Bombay Stock Exchange (BSE).
Standalone net interest income increased to Rs4,497.39 crore against Rs3,884.09 crore in the same quarter of the previous fiscal.
The State Bank group posted a consolidated net profit of Rs1,861.66 crore after minority interest for the first quarter as against Rs963.01 crore for the same period last fiscal.
Total
group income rose to Rs18883 crore for the quarter ended June 30, 2007 from Rs14,119
crore for the same quarter of the previous fiscal.
