SBI beats forecast,Q3 net up 13.45%

Country's top lender posted a net profit of Rs 28.28 bn in the fiscal third quarter ended Dec.

The country’s largest lender State Bank of India today reported a 13.45 per cent rise in its consolidated net profit at Rs 3,806.49 crore for the third quarter ended December 31,over the same period last year.

The bank had a consolidated net profit of Rs 3,354.94 crore in the year-ago period,SBI said in a filing to the Bombay Stock Exchange.

SBI’s total income increased by 14.7 per cent to Rs 36,966.87 crore in the October-December quarter of 2010 from Rs 32,231.45 crore in the same quarter last fiscal.

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The bank posted a net profit of Rs 3,710.48 crore during the quarter compared to Rs 3,304.59 crore in the same quarter a year ago.

On a standalone basis,SBI’s net profit grew 14 per cent to Rs 2,828.06 crore in the third quarter against Rs 2,479.05 crore in the year-ago period.

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SBI net profit

Protesters set the Parliament building on fire as the protest turned violent, in Kathmandu on Tuesday. (ANI Video Grab)

Ghaziabad woman killed after protesters set fire to Hyatt in Kathmandu

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Indian couple Rajesh and Ramvir Gola were staying at the Hyatt Regency in Kathmandu when anti-government protests turned violent. They jumped from their fourth-floor window to escape the flames, but Rajesh died during treatment. Ramvir returned home with her body, claiming that no one, including the Embassy, helped them.

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