SBI Q1 net down by 25.3% at Rs 2,512.4cr
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Loading ...NEW DELHI: The country’s largest lender State Bank of India (SBI) on Saturday reported a 25.3 per cent decline in its consolidated net profit to Rs 2,512.4 crore for the first quarter ended June 30, 2011, over the same period last year.
The bank had posted a net profit of Rs 3,365.2 crore in the year-ago period, SBI said in a filing to the Bombay Stock Exchange.
SBI’s total income, however, increased to Rs 39,126 crore in April-June quarter of 2011 from Rs 32,808 crore in the same quarter last fiscal.
On a standalone basis, SBI’s net profit also slipped by almost 46 per cent to Rs 1,583.5 crore in the first quarter, against Rs 2,914.2 crore in the year-ago period, it said.
The bank’s income increased to Rs 27,731.6 crore in the quarter under review from Rs 22,142 crore in the year-ago period, it added.
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