SBI net profit rises 36 per cent

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New Delhi, Oct. 29, 2007 : India's biggest bank, State Bank of India has reported a 36 percent rise in quarterly net profit, beating forecasts and helped by the growing demand for loans in the expanding economy.

The Bank has posted a net profit of Rs 1611.42 crore for the quarter ended September 30, 2007 as compared to Rs 1184.49 crore for the same quarter last year. Meanwhile, the bank is planning to raise Rs10,000 crore by issuing shares by January.

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