State Bank of India posts Rs.3,692 crore Net Profit in Q1

Mumbai, Aug 11: India’s largest bank State Bank of India (SBI) on Tuesday said it closed the first quarter of the current fiscal with a higher net profit.

In a regulatory filing in BSE, the bank said it has posted a net profit of Rs.3,692.24 crore for the quarter ended June 30, 2015 as compared to Rs.3,349.08 crore for the quarter ended June 30, 2014.

Total income has increased from Rs.40,739.21 crore for the quarter ended June 30, 2014 to Rs. 44,730.87 crore for the quarter ended June 30, 2015.

Interestingly, at a time when most other public sector banks are posting lower profits for the first quarter, SBI has bucked the trend.  (IANS)