SBI Q2 FY10 : Net up 36%

by khalid on 09/10/2009 · 0 comments

sbi

The country’s largest bank SBI set a blistering pace for 2009-10, clocking a 36% increase in profits for the second quarter Q2 and it is according to the expectations of the analysts.

The net profits of the company rose to Rs 16.11 billion as compared to Rs 11.84 billion that it reported exactly a year ago.The company is expected to come with its follow on public offer (FPO) some where in the month of January 2010 to raise another Rs 100 billion.

The bank has entered into the premier league of 14 companies having Rs 100000 crore plus market capitalization a few days back.

SBI’s CMP is Rs 2115.

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