The bank had posted a net profit of Rs 3,365.2 crore in the year-ago period, SBI said in a filing to the Bombay Stock Exchange.
SBI's total income, however, increased to Rs 39,126 crore in April-June quarter of 2011 from Rs 32,808 crore in the same quarter last fiscal.
On a standalone basis, SBI's net profit also slipped by almost 46 per cent to Rs 1,583.5 crore in the first quarter, against Rs 2,914.2 crore in the year-ago period, it said.
The bank's income increased to Rs 27,731.6 crore in the quarter under review from Rs 22,142 crore in the year-ago period, it added.
Published 13 August 2011, 07:01 IST