State Bank of Indore has clocked a handsome growth of 81.54% in its net profit during the three month period ended ended June 30, 2009.

During the period under review, bank's net profit figure stood at Rs 77.34 crore.

In a filing to Bombay Stock Exchange (BSE), the public sector lender said that it has recorded a net profit of Rs 42.60 crore in the quarter ended June 31, 2008.

State Bank of Indore's total income surged to Rs 772.84 crore in the latest quarter, against Rs 676.31 crore in the same period last fiscal.    
 
As per media reports, last month, State Bank of Indore has got board's nod to merge with its parent State Bank of India.