SBI announces Q2 results

State Bank of India (SBI) has announced the following Unaudited results for the quarter ended September 30, 2009:

The Bank has posted a net profit of Rs 24900.40 million for the quarter ended September 30, 2009 where as the same was at Rs 22597.20 million for the quarter ended September 30, 2008. Total Income is Rs 213010.40 million for the quarter ended September 30, 2009 where as the same was at Rs 179096.40 million for the quarter ended September 30, 2008.

The Unaudited Consolidated Results are as follows

The Group has posted a net profit after minority interest of Rs 30509.90 million for the quarter ended September 30, 2009 where as the same was at Rs 23781.90 million for the quarter ended September 30, 2008. Total Income is Rs 331016.50 million for the quarter ended September 30, 2009 where as the same was at Rs 270834.70 million for the quarter ended September 30, 2008.

- The figures of the current period include the working results of the branches at erstwhile State Bank of Saurashtra (SBS) consequent to its merger with the Bank in August 2008. Hence, the figures of the previous period are strictly not comparable.