Annual Report 2007-2008 of State Bank of Bikaner and Jaipur

It is a broadly described annual report of State Bank of Bikaner & Jaipur in the year of 2007-2008. During the financial year, The Bank’s overall business (deposits plus advances) reached a level of Rs. 59,427 Crore as at end-March 2008 as against Rs. 49,246 Crore as at end-March 2007, recording a growth of Rs. 10,181 Crore (20.7%). The total deposits increased by Rs. 5,628 Crore (19.8%) to reach a level of Rs. 34,108 Crore while total advances increased by Rs. 4,553 Crore (21.9%) to reach a level of Rs. 25,319 Crore by end-March 2008. The operating profit declined marginally by 2.7% to Rs. 661.18 Crore as against Rs. 679.20 Crore during 2006-07. The net profit, stood higher at Rs. 315.00 Crore during 2007-08, as against Rs. 305.80 Crore during 2006-07, recording a growth of 3.0%.

The Board of Directors of the Bank has declared a dividend of @100% (Rs.100 per share of face value Rs.100) for the year 2007-08, same as the dividend paid for the year 2006-07.

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