State Bank of India (SBI) Q3 FY11 Results : Net profit rose 14%

by khalid on 23/01/2011 · 0 comments

State owned India’s largest bank, State Bank of India (SBI) has posted a net profit for the period Q3 (ending Dec 10) of the current fiscal (FY11). During the said quarter, net profit rose 14.08% to Rs 2828 crores in comparison to Rs 2479 crores of Q3 (ending Dec 09) of previous year(FY10). State Bank of India is the largest lender of India and in addition to banking, the bank, through its subsidiaries, provides a range of financial services, which include life insurance, merchant banking, mutual funds, credit card, factoring, security trading, pension fund management and primary dealership in the money market.

The bank has formed the share market (BSE/NSE) that the net interest income (NII) increased 43.28% to Rs 9050 crores in Q3 FY11 when compared with the same quarter Q3 FY10 of previous year. Net interest income (NII) was Rs 6316 crores in last year’s quarter.

Share’s Data :
BSE Code : 500112
Mkt. Cap: Rs 164,969.82 Crores
State Bank of India Ltd. share’s CMP is Rs 12,597.95 on 21st Jan 2011.

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