SBI Result, the largest government bank in the nation, reported strong fourth-quarter earnings. Today saw the release of this quarter’s results. The bank achieved an 83 percent profit in the fourth quarter, the outcome shows. The State Bank of India’s net profit increased 83 percent to Rs 16,694.51 crore in the final quarter of the previous fiscal year 2022–23. The profit increased primarily as a result of rising interest income and declining provisions for bad loans. The stock market has received this information from SBI.
How did things go throughout the previous financial year?
Let us state that SBI’s net profit for the January-March quarter of the prior fiscal year 2021–22 was Rs. 9,113.53 crores on a single basis. Interest income rose by 31% to Rs 92,951 crore in the March quarter of fiscal year 2022–23.
Additionally, NPA decreased.
The provision in lieu of bad loans (NPA) decreased from Rs 7,237.45 crore in the January-March quarter of 2021–2022 to Rs 3,315.71 crore in the quarter ending March 2023. SBI’s net profit climbed by 59 percent to Rs 50,232.45 crore during the entire fiscal year 2022–23. Prior to this, the financial year 2021–2022’s profit was Rs. 31,675.98 crore.
SBI – Receives a dividend of Rs. 11.30
SBI has proposed a dividend for the fiscal year ending March 31, 2023 of Rs. 11.30 (1130%). Let us inform you that on June 14, the company will distribute a dividend to its shareholders. The time has been set. Only on this day will money enter the shareholders’ accounts.
Given a return of 114.90% over 5 years – Regarding SBI stock
there has been a fall in the price of the stock as of today, or Thursday. The stock has closed at Rs 576.35 following today’s decline. At the same time, the stock has increased by 6.67 percent over the past month, following which it has acquired speed. In addition, during the past five years, the stock has returned 115.90% to investors.
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