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SBI Quarterly Net Profit Rises 12.4 percent

  •   Wed, Nov 09 2011 02:50:51 PM

Mumbai, Nov 9 (IANS): The country's largest lender State Bank of India (SBI) Wednesday reported an increase of 12.4 percent in net profit at Rs.2,810 crore for the quarter ended Sep 30 as against Rs.2,501 crore during the like period of the previous financial year.

Total income stood at Rs.29,394 crore during the quarter under review, up 23.4 percent as against Rs.23,813 crore for the quarter ended Sep 30, 2010, the company said in a regulatory filing.

SBI's net non-performing assets (NPAs) rose marginally to 2.94 percent at the end of second quarter of the fiscal under review from 1.7 percent a year ago.

At the Bombay Stock Exchange, shares of the company were 4.66 percent lower to trade at Rs.1,904.50.

  

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