Annual Report 2009-2010 of State Bank of Bikaner and Jaipur

It is a broadly described annual report of State Bank of Bikaner & Jaipur in the year of 2009-2010. During the financial year, The Bank’s overall business reached a level of Rs. 81,622 Crore as at end-March 2010 as against Rs. 69,312 Crore as at end-March 2009, recording a growth of Rs. 12,310 Crore (17.8%). The total deposits increased by Rs. 6,835 Crore (17.4%) to reach a level of Rs. 46,059 Crore while gross advances increased by Rs. 5,475 Crore (18.2%) to reach a level of Rs. 35,563 Crore by end-March 2010. The operating profit of the Bank increased to Rs. 903.73 Crore during 2009-10, recording a growth of 1.2% compared to Rs. 892.84 Crore in the previous year. The net profit recorded a growth of 12.8% from Rs. 403.45 Crore in 2008-09 to Rs. 455.16 Crore in 2009-10.

The Board of Directors of the Bank has declared a dividend of @144% (Rs. 14.40 per share of face value Rs.10/-) for the year 2009-10, which is higher than the dividend of @120% paid for the year 2008-09.

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