Bhubaneswar: State Bank of India expects a net profit of up to Rs 15,000 crore in this fiscal, against Rs 11,700 crore in the last financial year. "The net profit of the bank during the current financial year is expected to be between Rs 14,000 crore and Rs 15,000 crore," SBI Chairman Pratip Chaudhuri told reporters here.
The profit this year would be considerably higher than Rs 11,700 crore registered last financial year, the SBI chief said, adding that the bank expected to retain Rs 7,400 crore profit during the last quarter as recorded in the previous quarter.
On SBI's performance in Odisha, Chaudhuri said the bank's advances were Rs 30,375 crore and priority sector advances 54 per cent, well beyond the benchmark of 40 per cent.
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