SBI Q3 net jumps 15% to Rs 3,263 cr

I / Mumbai February 13, 2012, 14:29 IST

Country's largest lender State Bank of India reported a 15.3% jump in standalone net profit at Rs 3,263 crore for the third quarter ended December 2011 as compared to Rs 2,828.1 crore in the same period a year ago.

Net interest income too increased 26.6% to Rs 11,463 crore from Rs 9,050 crore in December 2010.

Standalone total income rose by 20.4% to Rs 29,787.37 crore in the quarter ended December 31, 2011, compared to Rs 24,726.73 crore in the same quarter of the last fiscal.

Gross non performing assets were at 4.61% as against 4.19% a year ago. The operating profit was up by 7.3%.

The Bank reported a 16.3% increase in consolidated net profit at Rs 4,318.08 crore for the third quarter ended December 31, 2011. It had reported a profit of Rs 3,710.48 crore in the corresponding quarter of the last fiscal.

The total income of SBI (Consolidated) stood at Rs 43,155.95 crore during the quarter under review, up 16.7% over the figure of Rs 36,966.87 crore in the year-ago period, it said in a filing to the BSE.

SBI's stocks were trading at Rs 2,153 apiece on Monday, a drop of 0.9% from previous close on Bombay Stock Exchange.