The country's largest lender State Bank of India (SBI) registered a decline of 25% in its first quarter consolidated net profit to Rs 2,512.5 crore from Rs 3,365 crore in the year-ago period.
The total income for the quarter under review was posted at Rs 39,126 crore from Rs 32,808 crore in the same quarter last year.
On standalone basis, net profit declined 45% to Rs 1,583.5 crore in Q1 from Rs 2,914.2 crore a year ago. However, the total income increased 25% to Rs 27,731 crore from Rs 22,142 crore.
The shares of the bank closed down 2.53% at Rs 2,193.45 per share on the Bombay Stock Exchange.
