State Bank of India’s net profit dips
January 25th, 2010 - 7:25 pm ICT by IANS ( Leave a comment )
Mumbai, Jan 25 (IANS) The State Bank of India (SBI) Monday reported an 8.4 percent decline in its consolidated net profit for the quarter ending Dec 31 at Rs.3,304.5 crore, compared to Rs.3,607.6 crore in the previous corresponding period.
The state-run bank, during the quarter under review, saw total income increase 9.7 percent to Rs.32,231.4 crore against Rs.29,368 crore in the year-ago period.
The bank, which controls about a quarter of the total loans and deposits in the country, saw its earning per share during the quarter decline to Rs.52.05, against Rs.56.85 per share in the previous period.
The SBI board declared an interim divided of Rs.10 per share.
The results were declared after the markets closed. The bank’s scrip ended a meagre 0.15 percent up at the Bombay Stock Exchange at Rs.2,093.35 with a market capitalisation of Rs.132,902.65 crore.
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