State Bank Of India

State Bank of India (SBI) has reported results for fourth quarter and year ended March 31, 2021.

The bank has reported 80.15% rise in its net profit at Rs 6450.75 crore for the quarter under review as compared to Rs 3580.81 crore for the same quarter in the previous year. Total income of the bank increased by 6.97% at Rs 81326.96 crore for Q4FY21 as compared Rs 76027.51 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported 59.51% rise in its consolidated net profit at Rs 7270.25 crore for the quarter under review as compared to Rs 4557.89 crore for the same quarter in the previous year. Total income of the bank increased by 9.78% at Rs 103430.64 crore for Q4FY21 as compared Rs 94218.82 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the bank has reported 40.88% rise in its net profit at Rs 20410.47 crore as compared to Rs 14488.11 crore for the previous year. Total income of the bank increased by 3.64% at Rs 307107.27 crore for year under review as compared to Rs 296329.43 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the bank has reported a rise of 33.58% in its consolidated net profit at Rs 24279.71 crore as compared to Rs 18176.83 crore for the previous year. Total income of the bank increased by 6.00% at Rs 383970.62 crore for year under review as compared to Rs 362229.09 crore for year ended March 31, 2020.