SBI Q2 FY11 Results : Net profit down 22.2%

by khalid on 08/11/2010 · 0 comments

State Bank of India has posted a phenomenal increase in net profit for the period Q2 (ending Sep 2010) of the current fiscal (FY11). During the said quarter, consolidated net profit dowm 22.2% to Rs 2437.15 crore in comparison to the Rs 3133.19 crore of Q2 (ending Sep 09) of previous year(FY10). State Bank of India (SBI) is the country’s largest lender. SBI is is the largest state-owned banking and financial services company in India. State bank of India is the 29th most reputed company in the world according to Forbes.[3] Also SBI is the only bank to get featured in coveted top 10 brands of India’ list in an annual survey conducted by Brand Finance and The Economic Times in 2010.

The bank informed the share market(BSE) that the total income however increased 14.6% to Rs 37925.4 crore in quarter ended Sep 2010 when compared with the last years same quarter ended Sep 2009 which was Rs 33101.6 crore.

Share’s Data :-
BSE Code : 500112
Mkt. Cap : Rs 217,338.27 Crores
State Bank of India share’s CMP is Rs 3,422.65 on 8th Nov 2010.

Source :- BelltheBull

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