Public run State Bank of India has announced the results for the quarter ended December, 2011. The bank’s net profit was increased by 15.3% to Rs.3,262 crore in the December quarter of the current financial year from Rs.2,828.1 crore in the corresponding quarter last year.
The Net Interest Income of the bank soared 26.6% to Rs.11,463 crore in the last quarter as against Rs.9,050 crore in the year ago period. Gross Net Performing Assets was stood at 4.61% versus 4.19% a year earlier period.
Post the result announcement, the company scrip shed 1.24% to Rs.2145.60 per share in the early trade on BSE. The scrip has touched a day high of Rs.2181 per share and a day low of Rs.2097 per share in the trade so far.
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