The country’s third largest private sector bank posted net profit of Rs 1,900 crore for the third quarter of 2014-15, against Rs 1,604.1 crore in the corresponding quarter of the past financial year.

The third largest private sector bank’s net profit in the corresponding October-December quarter of FY14 stood at Rs. 1,604.11 crore.

Notably, the stock was under pressure in the beginning of the year due to asset quality concerns given that its exposure to the troubled infrastructure sector and highly leveraged corporates was on the higher side when compared to other private banks. This, alongwith high interest rates and slowing economy (both corporate capex and on consumption side) weighed on the stock, which fell 4.2% in 2013.

A cut in lending rate immediately impacts the income. When volumes are thin (of the credit pipeline), it is difficult to reduce these rates, SBI Chairman Arundhati Bhattacharya told reporters on Tuesday.

However, this Lifetime Fixed interest home loan is available only for loans up to Rs 50 lakh for property up to Rs 65 lakh in metros and for borrowing up to Rs 40 lakh for property of Rs 50 lakh in other locations.

The NCDs have been rated AAA by CRISIL and ICRA. The bonds will be allotted to eligible investors on Friday.

At 8:20AM, the early indicator SGX Nifty was flat at 8,605.

Speaking to reporters in Chennai about the Bank's retail lending portfolio, he said, "The credit card business is expected to grow at a healthy level in the future. At present we have 1.5 million credit cards and we are expecting this to double in next three years."

At 10:40AM, the 30-share Sensex was up 64 points at 28,758 and the 50-share Nifty was up 20 points at 8,609.

Customers can initiate a deposit transaction through these terminals even without using a debit card. If the customers PAN details are available with the bank then there is no restriction on the amount of cash being deposited, the bank said.