Buoyed by a 32.83 per cent rise in investment income, State Bank of India (SBI) today announced a 10.81 per cent rise in its net profit for the second quarter (July-September) of the present financial year at Rs 643.86 crore, as against Rs 580.95 crore in the corresponding quarter of the last financial year.
Net profit for the first half of the fiscal went up by 17.36 per cent to Rs 1,223.64 crore from Rs 1,042 crore in the second half of 2000-01. SBI chairman Janki Ballabh said that the bank was poised to post 25 per cent growth in its net profit for the year at around Rs 2,500 crore.
The SBI scrip on Bombay Stock Exchange fell by 2.25 per cent to Rs 186.90 today. The bank
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