SBI Q2 net down 22.2%

The bank had a net profit of Rs 3,133.1 crore in the year-ago period, SBI said.

SBI’s total income, however, increased by 14.6 per cent to Rs 37,925.4 crore in July-September quarter of 2010 from Rs 33,101.6 crore in the same quarter last fiscal. It posted a net profit after minority interest of Rs 2,363.9 crore during the quarter compared to Rs 3,050.9 crore in the same quarter a year ago.

On a standalone basis, SBI’s net profit grew merely by 0.4 per cent to Rs 2,501.3 crore in the second quarter against Rs 2,490 crore in the year-ago period.

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