Mumbai: The country’s biggest lender State Bank of India (SBI) posted 75% increase in net profit on 12 May at Rs1493.19 crore for the quarter ended 31 March, compared to Rs853.29 crore for the same period last year.
The total income rose 29.05% to Rs14,435.76 crore for the quarter, from Rs11,186.10 crore for the corresponding period a year ago, SBI informed the BSE.
The central board of the bank has declared a dividend of Rs14 per share for the year ended 31 March. For the year ended 31 March, he bank recorded a net profit of Rs 4,541.31 crore, against Rs4,406.67 crore for the period in the previous year, and the total income grew to Rs45,260.28 crore from Rs43,414.77 crore.
The group posted a net profit after minority interest of Rs6,364.38 crore for the year ended 31 March, as compared to Rs5,529.92 crore preceding year and the total income increased to Rs68,376.83 crore from Rs60,834.92 crore.