SBI Mutual Fund, a Joint Venture (JV) between State Bank of India (SBI) and AMUNDI (France) has opened 51 new branches across India on January 27, 2014. With this the total number of branches of SBI Mutual Fund has increased to 161 with a network spreading across 27 states and 4 Union Territories. The company has opened these branches in non-metro and smaller centres spread across 23 states and one Union Territory to garner investible surplus available in such areas.
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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