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SBI net profit dips by 2.60 pc to Rs 1,184.49cr

Written by: Staff

New Delhi, Oct 28: State Bank of India (SBI) today announced a 2.6 per cent dip in its net profit to Rs 1,184.49 crore for the quarter ended September 30, 2006 as against Rs 1,215.36 crore for the same quarter previous year.

The total income of the bank increased from Rs 9,856.04 crore for Q2FY07 as compared to Rs 1,0811.23 crore for Q2FY06.

Besides, the company posted consolidated net profit after minority interest of Rs 1734.45 crore for the quarter ended September 30, 2006 as compared to Rs 1590.75 crore for the same quarter last year.

Total consolidated income rose from Rs 13974.28 crore for the Q2FY07 as against Rs 16255.36 crore for Q2FY06.


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