SBI posts Rs. 4,050 crore net profit
The country’s largest lender the State Bank of India, has posted a net profit of Rs. 4,050 crores for the quarter ended March 31, 2012 compared to Rs. 20.8 crore for the quarter ended March 31, 2011.
Total Income is Rs. 33,959.5 crore for the quarter under review against Rs. 26,536.8 crores for the quarter ended March 31, 2011. The Bank has posted a net profit of Rs. 11,707.3 crore for 2011-12 against Rs 8264.5 crore for the previous year.
Total Income is Rs. 1,20,872.9 crore for 2011-12 against Rs 97,218.9 crore for the year ended March 31, 2011. The banks results had plunged in the fourth quarter of 2010-11, dragging down the year’s results on account of huge provisioning that it had to do. The bank has proposed a dividend of Rs 35 per share , the bank informed the stock exchanges after a meeting of its Board of Directors of the Company here on Friday.