State Bank of India (SBI) said that the bank will currently maintain a status quo on the lending rates but it may review it within one month, reports Economic Times.

It also ruled out any rate cut in the home loans.
 
State Bank of India reported a small rise in consolidated net profit for the quarter ended Sep. 30, 2008.

During the quarter, the net profit after minority interest rose 10.57% to Rs 23,781.90 million from Rs 21,507.20 million in the same quarter, last year. The total income for the quarter rose 26.41% to Rs 270,834.70 million from Rs 214,242.60 million a year ago.

Shares of the company declined Rs 133.5, or 11.54%, to trade at Rs 1,023.00. The total volume of shares traded was 1,173,707 at the BSE (1.53 p.m., Monday).