State Bank of India, the largest bank nationalized in India revealed its Net income for the third quarter ended December 31, 2010 as Rs. 3806 Crore. This figure shows that SBI has a growth of 13.45% in net income the 3rdst December 2009. Qaurter ended 31
Last year, the Bank obtained a net profit of Rs. 3354.94 during the same period.At the same time the Net interest income of SBI has increased by almost 40% in the third quarter amounting to Rs. 12 306 core against Rs. 8700 crore during the same period last year. Net interest income is calculated by reducing the interest paid form interest collected by the Bank.
SBI total income is increased by 14.7% to Rs 36,966.87 crore in the third quarter (October-December 2010) of Rs 32,231.45 crore in the same quarter last year.
SBI is doing fine and formed has benefited from the trust of their clients that they earn through hard work and well planned policies.
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