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SBI net rises 10% to Rs 2,490 cr on account of non-interest income

State Bank of India post a net profit of Rs 2,490 crore in the second quarter ended September 30, 2009, up 10 per cent compared with Rs 2,260 crore in the corresponding period last year.

Non-interest income rose 50.45 per cent. Net interest income was up marginally by 2.81 per cent.

Total income rose 19 per cent to Rs 21,301 crore (Rs 17,910 crore in Q2FY09).

Total expenditure increased by 20 per cent to Rs 16,466 crore (Rs 13,716 crore).

In the first six months of FY2010, India’s biggest bank logged a 24 per cent increase in net profit at Rs 4,820 crore vis-À-vis Rs 3,900 crore in the corresponding half last year.

As of September-end 2009, total deposits increased by 25.16 per cent to Rs 7,72,904 crore (Rs 6,17,524 crore as of September-end 2008) and advances were up 16.39 per cent to Rs 5,80,237 crore (Rs 4,98,513 crore).
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