State Bank of India (SBI) on Thursday reported 24 per cent year-on-year (Y-o-Y) growth in net profits at 20,698 crore in the fourth quarter of 2023-24 (Q4 FY24), aided predominantly by treasury gains and fee income.
The country's largest lender's record quarterly profits beat the Bloomberg consensus estimate of ₹13,450 crore.
Sequentially, net profits rose by 125.9 per cent from ₹9,164 crore in Q3FY24.
For the full financial year, SBI posted record net profits of ₹61,077 crore in FY24, showing 21.6 per cent Y-o-Y growth.
Its board recommended a dividend of 13.70 per share for FY24. It had declared a dividend of ₹11.30 per share in FY23.
Its stock closed 1.14 per cent higher at 819.55 on the BSE.
Denne historien er fra May 10, 2024-utgaven av Business Standard.
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Denne historien er fra May 10, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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