Strong profit of 83 percent in the fourth quarter to SBI, the bank will also give dividend

SBI Q4 results: After excellent quarterly results, the country's largest public sector bank has also given strong good news to its shareholders. The bank has also announced a dividend of Rs 11.30 per equity share.

State Bank of India, the country's largest public sector bank, has made strong profits in the fourth quarter. During this period, the standalone profit of this bank has increased by 83 percent. SBI's profit has increased to Rs 16,695 crore in the March quarter. Earlier, in the same quarter last year, SBI's profit was Rs 9,113 crore.

After the excellent quarterly results, the country's largest public sector bank has also given strong good news to its shareholders. It has also announced a dividend of Rs 11.30 per equity share in the bank. Investors will get the dividend money on June 14. The bank has kept the date of dividend pay out as June 14.

Net interest income also increased

In the fourth quarter, a sharp growth has also been recorded in the net interest income of State Bank of India. During this period, the net interest income of the bank has increased by 29 percent. State Bank of India has earned Rs 40,993 crore from interest during the fourth quarter. Earlier, during the same quarter last year, the bank had earned about Rs 31,198 crore from interest.

Excellent results of banks

On the one hand the banks of America are sinking. The banking sector has come to the brink of recession. At the same time, the banks of India have performed brilliantly during the fourth quarter. Whether it is government bank or private, everyone's results have been excellent during this period. The profits of most of the banks including Bank of Baroda, ICICI Bank, HDFC Bank have been excellent in the fourth quarter. The Reserve Bank of India has also said earlier on the banking condition of America that the condition of India is satisfactory. Now this is also visible in the quarterly results of the banks. If we talk about government banks, earlier the results of Bank of Baroda were also excellent. On the other hand, the two biggest players of private banks, ICICI Bank and HDFC Bank, were better than expected in their results.