State Bank of India (SBI), the largest public sector lender, witnessed a rise in share price on Friday  ahead of it's fourth quarter earnings today.

For the third quarter, the bank reported a rise of 30.26% in standalone net profit to Rs 29.10 billion for the quarter ended Dec. 31, 2014 as compared to Rs 22.34 billion in the same period last year. Analysts on average had predicted net profit to come at Rs 32.54 billion.
 
Total income increased by 12.07% to Rs 437.84 billion for the quarter ended Dec. 31, 2014 as compared to Rs 390.68 billion in the same period last year.

Shares of the bank are trading at Rs 297.75, up Rs 8.4, or 2.90% at the Bombay Stock Exchange (BSE) on Friday at 11:35 a.m.

Total volume of shares traded on the bourses today was higher by 339.11% to 12,738,235 compared with 22-day average volume of 2,900,937.