SBI Net Profit in FY 13 Up to Rs.14,105 crore as compared with Rs.11,707 in FY 12

State Bank of India (SBI) Net Profit in FY 13 Up to Rs.14,105 crore as compared with Rs.11,707 in FY 12.

India’s largest public sector lender, State Bank of India’SBI-Logos net profit for the Financial Year 2012-13 rose 20.5 per cent to Rs 14,105 crore as compared with Rs 11,707 crore in Financial Year 2011-12.

The bank’s board has declared dividend of Rs 41.50 per share for FY13.

As on March 31, FY13, year-on-year, total advances grew 21 per cent to Rs 10.46 lakh crore, while deposits grew 15 per cent to Rs 12.03 lakh crore

Fresh slippages during the quarter were at Rs 5,868 crore while restructured assets in Q4 were at Rs 8,669 crore

Overall net interest margin stood at 3.34 per cent compared with 3.31 per cent in the December quarter.

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