State Bank of India (SBI), the country’s largest public sector bank is reportedly planning to increase the minimum charges for cash deposit at non-home branches to Rs 50 from Rs 10 in a bid to boost fee income. The new charges will likely come into effect from March 8, 2014. A home branch is the branch where a customer has a bank account, while rest are non-home branches for the customer.
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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