State Bank Of India

State Bank of India has reported results for fourth quarter and year ended March 31, 2017.   

The Bank has reported over 2-fold jump in its net profit after minority interest at Rs 2814.82 crore for the quarter ended March 31, 2017 as compared to Rs 1263.81 crore for the same quarter in the previous year. Total income of the Bank increased by 7.83% at Rs 57720.07 crore for quarter under review as compared to Rs 53526.97 crore for the quarter ended March 31, 2016.  

For the year ended March 31, 2017, the Bank has posted a rise of 5.36% in its net profit at Rs 10484.10 crore as compared to Rs 9950.65 crore in FY16. Total income of bank increased by 9.97% at Rs 210979.17 crore for year under review as compared to Rs 191843.67 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the Bank has posted a fall of 98.03% in its net profit at Rs 241.23 crore as compared to Rs 12224.59 crore in the previous year. However, total income of the Bank increased by 9.21% at Rs 298640.45 crore for year under review as compared to Rs 273461.13 crore for the year ended March 31, 2016.