The country's largest lender State Bank of India today reported a 21.54 per cent

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growth in consolidated net profit to Rs 3,467.09 crore for the first quarter ended June 30, 2010, over the same period last year.

The bank had a net profit of Rs 2,852.45 crore in the year-ago period, SBI said in a filing to the Bombay Stock Exchange.

SBI's total income, however, decreased marginally to Rs 32,808.06 crore in April-June quarter of 2010 from Rs 33,132.7 crore in the same quarter last fiscal.

On a standalone basis, SBI net profit grew 25 per cent to Rs 2,914.2 crore in the first quarter, up from Rs 2,330.37 crore in the year-ago period.

The bank's income increased to Rs 22,142.08 crore in the quarter under review from Rs 21,041.51 crore in the year-ago period.