SBI Q2 net profit up 40% YoY
MUMBAI: State Bank of India, on standalone basis, has posted a net profit of Rs 2259.72 crore for the quarter ended Sep 30, 2008 against Rs 1611.42 crore in the same quarter of 2007. Interest earned stood at Rs 15566.50 crore against Rs 11616.28 crore previous year. Interest expended was Rs 10111.15 crore against Rs 7853.36 crore same quarter last year.
Consolidated Results
SBI reported net profit of Rs 2378.19 crore for the quarter ended Sep 30, 2008 against Rs 2204.56 crore in the year ago quarter. Interest earned was Rs 22568.05 crore against Rs 17058.28 crore in 2007. Interest expended was Rs 15049.33 crore for the quarter ended Sep 30, 2008 against Rs 11783.16 crore in 2007.
State Bank, which has more than 10,000 branches across India and overseas, has the lowest cost of funds among the nation’s lenders. The bulk of its funds come from savings bank deposits that cost about 3.5 percent in annual interest payments.
source: Economictimes
Tags: calls, daytrading, free calls, intraday, tips
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
