SBI Q1FY07 net dips 34% at Rs 798.57 crore

New Delhi, July 27: State Bank of India (SBI) today registered a 34 per cent drop in its profit at Rs 798.57 crore for the first quarter ended June 30, 2006 as compared to Rs 1222.83 crore for the same quarter previous year.

The bank's total income also decreased one per cent to Rs 10,598.75 crore for Q1FY07 from Rs 10,742.85 crore for Q1FY06.

The Group's net profit went down by 27 per cent at Rs 963.01 crore for the first quarter ended June 30, 2006 as against Rs 1322.67 crore for the corresponding period a year ago.

Its total income, however, increased five per cent to Rs 15290.27 crore for Q1FY07 from Rs 14483.50 crore for Q1FY06.

UNI