Saturday, January 22, 2011

State Bank of India SBI Q3 Results for quarter ended December 31, 2010


State Bank of India has announced the following Unaudited results for the quarter ended December 31, 2010:

The Bank has posted a net profit for the period of Rs 28280.60 million for the quarter ended December 31, 2010 where as the same was at Rs 24790.50 million for the quarter ended December 31, 2009. Total Income is Rs 247267.30 million for the quarter ended December 31, 2010 where as the same was at Rs 211454.00 million for the quarter ended December 31, 2009.

The Consolidated Results are as follows :

The Unaudited consolidated results for the Quarter ended December 31, 2010

The Group has posted a net profit after minority interest of Rs 37104.80 million for the quarter ended December 31, 2010 where as the same was at Rs 33045.90 million for the quarter ended December 31, 2009. Total Income is Rs 369668.70 million for the quarter ended December 31, 2010 where as the same was at Rs 22314.50 million for the quarter ended December 31, 2009.

Consequent to the notification of the 'Acquisition of State Bank of Indore Order, 2010' issued by the Govt. of India, the undertaking of State Bank of Indore stands transferred to and vests in State Bank of India ('the Bank'), with effect from August 26, 2010, the effective date. The results for the quarter and nine months ended December 31, 2010 include the results of operations of the erstwhile State Bank of Indore for the period from August 26, 2010 and the results of the Bank are not comparable to that extent.

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Source: BSE Corporate Announcements

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