SBI Q4 results: Indias biggest bank beats estimates with Rs 16,695 crore PAT, announces Rs 11.3 per share dividend
SBI Q4 results, dividend: State Bank of India (SBI) reported an 86.5 per cent year-on-year jump in standalone net profit to Rs 16,694.5 crore for the quarter ended March 2023, beating analysts estimates.
SBI Q4 results, dividend: State Bank of India (SBI) — the country's largest lender by assets — on Thursday reported a standalone net profit of Rs 16,694.5 crore for the quarter ended March, beating analysts' estimates by a huge margin. The PSU banking behemoth's net profit grew 83.2 per cent compared with the corresponding period a year ago.
SBI's net interest income (NII) — or the difference between interest earned and interest paid — stood at Rs 40,392.5 crore for the three-month period as against Rs 31,197.9 crore for the quarter ended March 2022, according to a regulatory filing.
According to Zee Business research, SBI's quarter net profit was estimated at Rs 14,800 crore and NII at Rs 40,000 crore.
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