State Bank of India inks MOU with Enable India

State Bank of India (SBI), country’s largest public sector lender has signed the Memorandum of Understanding (MoU) with Enable India, a non-profit organisation to assist people with different disabilities through training. As per the MoU, SBI will provide training to physically challenged persons selected by Enable India to be financially independent. SBI will utilise RSETIs (rural self employment training institutes) infrastructure to achieve a common goal of enabling the well-being of most deserving section of the society. The bank reported 34.20% fall in its net profit at Rs 2234.34 crore for third quarter ended December 31, 2013 as compared to Rs 3396.06 crore for the same quarter in the previous year. However, total income of the bank increased by 14.91% at Rs 39060.76 crore for quarter under review as compared to Rs 33992.11 crore for the quarter ended December 31, 2012.