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SBI Q4 net up 26 pc at Rs 1,883 cr
New Delhi, May 03, 2008
Country's biggest lender State Bank of India on Friday
announced a net profit of Rs 1,883.25 crore for the fourth
quarter ended March 31, 2008, a growth of 26.12 percent over
the corresponding period last year.
The bank's net profit for the quarter ended March 31, 2007 was
Rs 1,493.19 crore.
The total income rose to Rs 16,393.93 crore for the last
quarter from Rs 12,935.11 crore in the same period a year-ago,
SBI said in a filing to the Bombay Stock Exchange.
The Mumbai-based bank also proposed a dividend of 215 percent
at the rate of Rs 21.50 on every share of face value of Rs 10
held.
For the year ended March 31, 2008, the bank announced a net
profit of Rs 6,729.12 crore, a 48.18 percent growth over the
year-ago period. SBI had a net profit of Rs 4,541.31 crore in
the financial year ended March 31, 2007.
The total income for 2007-08 rose to Rs 57,645.24 crore from
Rs 44,007.59 crore in the previous fiscal.
Shares of SBI closed at Rs 1,822.15, up 2.58 percent on the
BSE.
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