SBI consolidated net rises 16.3% to Rs4,318 cr in Oct-Dec

State Bank of India on Monday reported 16.3% increase in consolidated net profit at Rs4,318.08 crore for the third quarter ended December 31, 2011.

The country's largest lender had reported a profit of Rs3,710.48 crore in the corresponding quarter of the last fiscal.

The total income of SBI (Consolidated) stood at Rs43,155.95 crore during the quarter under review, up 16.7 per cent over the figure of Rs36,966.87 crore in the year-ago period, it said in a filing to the BSE.

SBI's standalone net profit went up by 15.3% to Rs3,263.04 crore in the third quarter, from Rs2,828.06 crore in the same quarter of 2010-11.

Standalone total income rose by 20.4% to Rs29,787.37 crore in the quarter ended December 31, 2011, compared to Rs24,726.73 crore in the same quarter of the last fiscal.