Sunday, 23 January 2011

SBI the largest nationalised bank earned13.45% net profit in the third quarter

State Bank of India, the largest nationalized Bank in India disclosed its Net profit for the third Quarter ended on 31st December, 2010 as Rs. 3806 Crore. This figure shows that the SBI has a growth of 13.45% in net profit form the 3rdst December, 2009. Qaurter ended 31

Last year the Bank got a consolidated net profit of Rs. 3354.94 over the same period.At the same time the Net Interest Income of SBI increased by around 40 percent in the third quarter amounting to Rs. 12,306 core against Rs. 8700 crore in the same period last year. Net Interest Income is calculated by reducing the interest paid form interest earned by the bank.

Total Income of SBI is increased by 14.7 per cent to Rs 36,966.87 crore in the Third Quarter (October-December 2010) from Rs 32,231.45 crore in the same quarter last year.

SBI is doing fine and getting benefited form the trust of their customers which they earn by hard work and well planned policies.

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