Friday 27 May 2016

SBI's Q4 net profit crashes 66%; Bad loan provisions at Rs.13,174 crore

The bank's total income has increased from Rs.486164.10 million for the quarter ended March 31, 2015 to Rs.535269.70 million for the quarter ended March 31, 2016.

State Bank of India has announced the following results for the quarter & year ended March 31, 2016:
The bank has posted a net profit of Rs.12638.10 million for the quarter ended March 31, 2016 as compared to Rs.37420.20 million for the quarter ended March 31, 2015.

The bank's total income has increased from Rs.486164.10 million for the quarter ended March 31, 2015 to Rs.535269.70 million for the quarter ended March 31, 2016.

The audited standalone results for the Year ended March 31, 2016

The bank has posted a net profit of Rs.99506.50 million for the year ended March 31, 2016 as compared to Rs.131015.70 million for the year ended March 31, 2015. Total Income has increased from Rs.1749729.60 million for the year ended March 31, 2015 to Rs.1918436.70 million for the year ended March 31, 2016.


The audited consolidated results for the Year ended March 31, 2016

The bank has posted a net profit after minority interest of Rs.122245.90 million for the year ended March 31, 2016 as compared to Rs.169943 million for the year ended March 31, 2015. Total Income has increased from Rs.2572895.10 million for the year ended March 31, 2015 to Rs.2728710.30 million for the year ended March 31, 2016.

The bank has declared a dividend of Rs.2.60 per share (260%) for the Financial year ended March 31, 2016. The date of payment of the Dividend is fixed on June 22, 2016 and the dividend warrants will be dispatched before the date of payment, which will be payable, in India, at par at all branches of State Bank of India, irrespective of the amount.

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