An 18% increase has been reported in the consolidated net profit of the State Bank of India.
The consolidated net profit of SBI stood at Rs 21,384 crore for the quarter that ended in March.
In the year-ago period, SBI reported a net profit of Rs 18,094 crore.
During the financial year 2023-24, consolidated net profit increased by Rs 67,085 crore in comparison to Rs 55,648 crore in the preceding year.
SBI’s consolidated interest income increased by 19.8% to Rs 117,469 crore in the fourth quarter.
In 2023–24, SBI’s return on equity (ROE) was 20.32 percent, while its return on assets (ROA) was 1.04 percent.
There was a 2.24 percent gross non-performing asset (NPA) ratio. Annually, it improved by 54 basis points (one percentage point is equivalent to 100 basis points).
There was a net NPA ratio of 0.57%. It improved by 10 basis points.
For the fiscal year 2023–2024, SBI has also announced a dividend of Rs 13.70 per equity share.
