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SBI net profit rises 36 per cent
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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Story first published: Monday, October 29, 2007, 13:48 [IST]
