SBI Q2 net up 10% at Rs 2490 crore

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GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)
PROFIT UP 55% AT RS.143.50 CR; NET SALES UP 22.5% AT RS.2234.20 (YOY)
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IN DISCUSSIONS WITH FARMERS TO COME AT PRICE COMFORTABLE FOR BOTH SIDES
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KEEPS OVERNIGHT LENDING RATE UNCHANGED AT 0.1%
STILL SEE DOWNSIDE RISK FOR THE ECONOMY
AIM TO CONVERT NON USERS TO USERS WITH THE HELP OF ROAMING TARIFF CUTS
PREFER TO REMAIN AGGRESSIVE WITHOUT GETTING INTO A PRICE WAR
MURTAZA KHORAKIWALA TO NDTV: CANNOT COMMENT ON SUB JUDICE MATTER
WOCKHARDT TO PAY BACK ALL SECURED, UNSECURED LOANS IN 5 YRS AS PER CDR
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EYEING TO SETTLE PAYMENT DEFAULT CASE OUT OF COURT: SOURCES
ALERT: ROAMING CONTRIBUTES 15% OF BHARTI REVENUES
ROAMING CALLS ON OTHER NETWORKS AT 80 PAISE/MINUTE
ROAMING CALLS ON OWN NETWORK AT 60 PAISE/MIN
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COMPLETES SWAP OF $875MN FOREX CONVERTIBLE BONDS

Updated: 31/10/2009 | 06:45 PM IST

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Press Trust of India

Saturday, October 31, 2009 (New Delhi)

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India's largest public sector bank, State Bank of India (SBI) on Saturday reported 10.18 per cent rise in net profit at Rs 2,490 crore for the second quarter ended September 30, 2009. The bank had reported a profit of Rs 2,259.72 crore in the corresponding quarter a year ago.

"The figures are not comparable pursuant to the merger of State Bank of Saurashtra with the bank last year," the bank said.

Total income stood at Rs 33,101.65 crore in the July-September quarter, while it had a total income of Rs 27,083.47 crore in the same period previous fiscal.

Total income stood at Rs 21,301.04 crore in the quarter ended September 30, while it had a total income of Rs 17,909.64 crore in the same period corresponding fiscal.