SBI's Q3 profit rises by 70 pc

By Staff

Published: Monday, January 28, 2008, 13:11 [IST]

New Delhi, Jan 26, 2008 : State Bank of India has posted a net profit of Rs 1808.64 crore for the third quarter ended December 31, 2007. Compared to Rs 1065.06 crore in the same period in 2006, the profits show a 70% growth.

The interest on loans, trading profits and commissions helped the bank post a better performance. SBI's total income rose from Rs 11,268.38 crore for the quarter ended December 31, 2006 to Rs 15364 crore for the quarter ended December 31, 2007.

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