November 1, 2009 10:42 AM

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SBI's Q2 net profit goes up

The country's largest lender, State Bank of India (SBI), has reported a consolidated net profit of Rs. 3,133 crore for the second quarter ended 30th September. The bank had a net profit of Rs. 2,458 crore in the same period previous fiscal, SBI said in a filing to the Bombay Stock Exchange. Total income stood at Rs. 33,101.65 crore in the July-September quarter, while it had a total income of Rs. 27,083.47 crore in the same period previous fiscal.On standalone basis, the bank posted a net profit of Rs. 2,490.04 crore in the second quarter, however it had a net profit of Rs. 2,259.72 crore in the same period last year.Total income stood at Rs. 21,301.04 crore in the quarter ended on 30th September. It had a total income of Rs. 17,909.64 crore in the same period corresponding fiscal. SBI chairman OP Bhatt said that the Reserve Bank may possibly review the method to reach the 70 per cent provisioning or may extend the period to two years.

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