The country's largest lender
State Bank of India (SBI) on Wednesday posted a 48.60 per cent jump in consolidated net profit to Rs 3,470.43 crore for the July- September quarter of the 2011-12 financial year.
The bank's consolidated net profit stood at Rs 2,363.95 crore in the second quarter last fiscal, SBI said in a filing to the BSE.
Total income of the group increased to Rs 41,249.08 crore during the period under review from Rs 37,925.44 crore in the same period last fiscal, as per the filing.
Moody's downgrades State Bank of India On a standalone basis, SBI recorded a 12.35 per cent increase in net profit to Rs 2,810.43 crore for the quarter ended September 30, 2011.
The bank's standalone net profit stood at Rs 2,501.37 crore in the corresponding period of the 2010-11 fiscal.
During the period, total income of the bank on a standalone basis rose by 23.43 per cent to Rs 29,394.32 crore from Rs 23,813.30 crore in the quarter ended September 30, 2010.
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