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The public sector lender reports 15.36 per cent growth in net profit to Rs 494 crore for the January-March quarter propelled by an impressive 48.70 per cent jump in interest income.

 
 
Total income of the bank rose to Rs 18,178.99 crore in the fourth quarter of 2011-12 from Rs 16,212.02 crore in the corresponding period a year ago.
If softening deposit rates are any cue, auto and home loan borrowers can breathe easy as lending rates may come down or remain at current level for some time.
 
 
Total income rose to Rs 7,168.6 crore for the quarter ended March 31, from Rs 5,120.7 crore last year. The board proposed a dividend of Rs 16.50 per equity share.
For the entire fiscal ended March 2011, the bank's net profit grew by 52.2 per cent at Rs 727.1 crore, compared to Rs 477.7 crore in the corresponding fiscal.
The government is believed to have cleared the name of Pratip Chaudhuri for appointment as SBI Chairman.
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