State Bank of India (SBI), the largest public sector lender, witnessed a rise in share price on Friday after the bank reported a rise of 23.09% in standalone net profit to Rs 37.42 billion for the quarter ended Mar. 31, 2015 as compared to Rs 30.40 billion in the same period last year. Analysts on average had predicted net profit to come at Rs 34.81 billion.
 
Total income increased by 14.54% to Rs 486.16 billion for the quarter ended Mar. 31, 2015 as compared to Rs 424.43 billion in the same period last year.

Shares of the bank are trading at Rs 296, up Rs 6.65, or 2.30% at the Bombay Stock Exchange (BSE) on Friday at 1:45 p.m.

Total volume of shares traded on the bourses today was higher by 1,339.57% to 41,761,060 compared with 22-day average volume of 2,900,937.