State Bank Of India

State Bank of India has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The bank has reported 23.98% rise in its net profit at Rs 20,698.35 crore for the quarter under review as compared to Rs 16,694.51 crore for the same quarter in the previous year. Total income of the bank increased by 20.11% at Rs 1,28,411.88 crore for Q4FY24 as compared Rs 1,06,912.46 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 18.50% rise in its net profit at Rs 21,736.47 crore for fourth quarter ended March 31, 2024 as compared to Rs 18,343.45 crore for the same quarter in the previous year. Total income of the bank increased by 20.51% at Rs 1,64,914.36 crore for Q4FY24 as compared Rs 1,36,852.39 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the bank has reported 21.59% rise in net profit at Rs 61,076.62 crore as compared to Rs 50,232.45 crore for the previous year. Total income of the bank increased by 26.60% at Rs 4,66,812.82 crore for year under review as compared to Rs 3,68,718.66 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the bank has reported 20.47% rise in its net profit at Rs 68,138.26 crore as compared to Rs 56,558.43 crore for the previous year. Total income of the bank increased by 25.60% at Rs 5,94,574.90 crore for year under review as compared to Rs 4,73,378.14 crore for year ended March 31, 2023.