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State Bank of Hyderabad's net profit increased 20.4 per cent at Rs 301 crore in the third quarter ended December 31, 2011, compared with Rs 250 crore in the corresponding quarter of the previous year. This was driven by 14 per cent increase in net interest income at Rs 845 crore (Rs 740 crore).
The total business expanded by 22 per cent to reach Rs 1,67,300 crore. SBH would add 50 more branches to its existing network of 1,407 branches before end-March 2012, according to a release.
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