SBI Capital Markets, the investment-banking subsidiary of State Bank of India, has entered into a business alliance agreement with Japan's Mizuho Bank (MHBK) and Mizuho Securities (MHSC) to strengthen cooperation in a wide range of investment banking fields. This agreement is related to promotion of products and knowledge- sharing in areas of syndicate loans, project finance and debt capital markets. The strategic alliance among the three institutions is a significant step towards synergising their strengths and supporting growing India-Japan relationship.
State Bank of India has reported 35.07% fall in its net profit at Rs 2375.01 crore for the second quarter ended September 30, 2013 as compared to Rs 3658.14 crore for the same quarter in the previous year. However, total income of the bank has increased by 12.88% at Rs 37199.92 crore for quarter under review as compared to Rs 32953.47 crore for the quarter ended September 30, 2012
State Bank of India has reported 35.07% fall in its net profit at Rs 2375.01 crore for the second quarter ended September 30, 2013 as compared to Rs 3658.14 crore for the same quarter in the previous year. However, total income of the bank has increased by 12.88% at Rs 37199.92 crore for quarter under review as compared to Rs 32953.47 crore for the quarter ended September 30, 2012
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