SBI Q4 net down 32 per cent at Rs1,867 crore; pays 300 per cent dividend

The State Bank of India (SBI), the country's largest lender, has posted a net profit of Rs1,866.6 crore during the quarter ended 31 March 2010 against Rs2,742.31 crore in the previous quarter (ended 31 March 2009).

The central board of directors of the bank declared a dividend of 300 per cent (inclusive of the 100 per cent interim dividend already paid), for the 2009-10 financial year, the bank informed BSE in a statutory filing.

Total income of the country's largest bank increased to Rs22,474.12 crore during the quarter ended 31 March 2010, from Rs22,060.60 crore in the quarter ended 31 March 2009, according to audited results for the year ended 31 March 2010.

For the financial year ended 31 March 2010, SBI posted a net profit of Rs9,166.05 crore compared with Rs9,121.24 crore in the year ended 31 March 2009.

Total income for the financial year has increased to Rs85,962.07 crore from Rs76,479.22 crore in the year ended 31 March 2009.

The central board of SBI, at its meeting held on 14 May 2010, inter alia, declared a dividend of Rs30 per share (300 per cent on Rs10 face value share) for the year ended 31 March 2010 inclusive of an interim dividend already paid of Rs10 per share.