State Bank of India (SBI) has reported results for the fourth quarter and year ended March 31, 2019.
The bank has reported a net profit at Rs 838.40 crore for the quarter ended March 31, 2019 against net loss of Rs 7,718.17 crore for the same quarter in the previous year. Total income of the bank increased by 10.57% at Rs 75,670.50 crore for quarter under review as compared to Rs 68,436.06 crore for the quarter ended March 31, 2018.
For the year ended March 31, 2019, the bank has posted a net profit at Rs 862.23 crore against net loss of Rs 6,547.45 crore for the previous year. Total income of bank increased 7.09% at Rs 2,78,082.99 crore for year under review as compared to Rs 2,59,663.83 crore for year ended March 31, 2018.
For the year ended March 31, 2019, on the consolidated basis, the bank has posted a net profit at Rs 3,069.07 crore against net loss of Rs 4,187.41 crore for the previous year. Total income of bank increased by 9.53% at Rs 3,30,220.88 crore for year under review as compared to Rs 3,01,491.46 crore for year ended March 31, 2018.
