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SBI reports 8% fall in Q4 net profit

23 May 2014 Evaluate

State Bank of India (SBI) has reported results for fourth quarter and year ended March 31, 2014.

The bank has reported a fall of 7.83% in its net profit at Rs 3040.74 crore for the quarter ended March 31, 2014 as compared to Rs 3299.22 crore for the same quarter in the previous year. However, total income of the bank has increased by 16.82% at Rs 42443.27 crore for quarter under review as compared to Rs 36330.87 crore for the quarter ended March 31, 2013.

For the full year ended March 31, 2014, the bank has reported a fall of 22.78% in its net profit at Rs 10891.17 crore as compared to Rs 14104.98 crore for FY13. However, total has increased by 14.16% at Rs 154903.72 crore for year under review as compared to Rs 135691.94 crore for the year ended March 31, 2013.

For the year ended March 31, 2014, on the consolidated basis, the bank has posted a fall of 20.89% in its net profit at Rs 14173.77 crore as compared to Rs 17916.23 crore for the same period in the previous year. However, total of the bank has increased by 13.16% at Rs 226944.56 crore for year under review as compared to Rs 200559.83 crore for the year ended March 31, 2013.

State Bank of India has declared a dividend of Rs 30 per share (300%) for the accounting year ended March 31, 2014. The dividend so declared includes the interim dividend, already declared, at the rate of Rs 15 per equity share of Rs 10 each (i.e. 150%) and paid on April 02, 2014. The date of final payment of the Dividend is fixed as June 19, 2014 and the dividend warrants will be payable, in India, at par at all branches of State Bank of India, irrespective of the amount.

SBI Share Price

1080.35 12.85 (1.20%)
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Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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