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SBI Reports Q4 Profits Of Rs 4,050.27 Crore; Announces Rs. 35 Dividend Per Share

India’s largest bank – State Bank of India has reported massive profit and net income figures for Q4 2012.The bank has clocked Rs. 33,959.54 crores in total revenue in Q4 and has reported a huge net profit to the tune of Rs. 4050.27 crores, which is almost a 2000% increase as compared to the Rs. 20 Crore profit reported in Q4, last year.

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Owing to these massive profits and huge growth, the board of directors of SBI have proposed a dividend of Rs. 35 per share for its share holders.

Looking at the total figures, the net profit for the year ending on March 31, 2012 of SBI stood at Rs 11,707.29 crore which was only Rs 8,264.52 crore for the year ended March 31, 2011. The total income figures of SBI for this year stood at Rs 1,20,872.90 crore for the year ended March 31, 2012 as compared to Rs 97,218.96 crore in 2011.

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