SBI Group Q1 net profit zooms 68 per cent to Rs2,759 crore
30 Jul 2009
The State Bank of India (SBI) Group, the country's largest lender, reported a 68.11 per cent rise in its fiscal first quarter (April-June 2009-10) net profit and a 42 per cent rise in its standalone net profit for the quarter.
SBI Group net profit for April-June 2009-10 stood at Rs2,759 crore against Rs1,641 crore for the same quarter the previous year. Standalone net profit stood at Rs2,330 crore against Rs1,641 crore in the previous year quarter.
Total business grew over Rs3,03,000 crore year-on-year. Total deposits rose Rs2,01,706 crore, or 35.90 per cent, from Rs5,61,857 crore in the previous year quarter.
June 08 to Rs7,63,563 crore in June 09.
CASA ratio as of June '09 stood at 38.45 per cent against 41.87 per cent in June 2008 and recorded a growth of 22.7 per cent year-on-year.
SBI group's market share in deposits as on June 2009 stood at 17.55 per cent against 15.23 per cent as of June 2008.
Gross advances rose Rs1,02,046 crore, or 22.79 per cent to Rs5,49,793 crore as of June 09 from Rs4,47,747 crore in 2008. Market share of advances stood at 16.49 per cent as of June 2009 against 15.71 per cent in June 2008.
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