SBI net grows 70%

• State Bank of India’s net profit for the third quarter of the fiscal rose 70 per cent on the back of an increase in both interest and non-interest income.
• The country’s largest bank reported a net profit of Rs 1,809 crore for the quarter ended December 31, 2007, against Rs 1,065 crore in the same year-ago quarter.
• The net profit of the foreign offices grew 45 per cent. Deposits grew by 50 per cent and advances by 51 per cent.