State Bank of India (SBI), the country’s largest public sector bank has opened a new branch at Kukatpally Housing Board Colony in Andhra Pradesh. With this new branch, SBI has 1,352 branches in the state. Recently, the bank has received its board's approval for infusion of capital funds to the tune of Rs 2,000 crore in the bank by way of preferential allotment of equity shares in favour of the Government of India.
On the consolidated basis, SBI group registered 11.82% fall in its net profit after taxes and minority interest at Rs 4298.56 crore for first quarter ended June 30, 2013 as compared to Rs 4874.70 crore for the same quarter in the previous year. However, total income of the bank, on consolidated basis, has increased by 12.23% at Rs 52502.29 crore for quarter under review as compared to Rs 46782.70 crore for the quarter ended June 30, 2012.
On the consolidated basis, SBI group registered 11.82% fall in its net profit after taxes and minority interest at Rs 4298.56 crore for first quarter ended June 30, 2013 as compared to Rs 4874.70 crore for the same quarter in the previous year. However, total income of the bank, on consolidated basis, has increased by 12.23% at Rs 52502.29 crore for quarter under review as compared to Rs 46782.70 crore for the quarter ended June 30, 2012.
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