India's largest lender and the top bank in the country, State Bank of India reported a net profit of Rs Rs 3100 crore for the quarter ending September 30, 2014.
During the quarter, the bank's its net interest income (NIIs) stood at Rs 13,274 crore. The profits marginally lagged estimates.
The Net Non performing Asset was marginally higher at 2.73 percent versus 2.66 percent sequentially. The stock was up almost 2 per cent in trade on the National Stock Exchange.