Annual Report 2009-2010 of State Bank of Travancore

It is a broadly described annual report of State Bank of Travancore in the year of 2009-2010. During the financial year, The Bank’s Total Business stood at Rs. 89,345 Crore on 31^st March 2010, registering a growth of 19.70% from the level of Rs. 74,642 Crore as on 31^st March 2009. Total deposits of the Bank registered a growth of 21.03%, reaching the level of Rs. 50,883 Crore as on 31^st March 2010 as against Rs. 42,041 Crore as on 31^st March 2009. Operating profit of the Bank for 2009-10 stood at Rs. 1,055.87 Crore as against Rs. 1,056.27 Crore for the previous year. Net Profit for the year stood at Rs. 684.27 Crore as compared to Rs. 607.84 Crore in 2008-09. The Earnings per share (of Rs.10/- face value) improved from Rs. 121.57 to Rs. 136.85.

The Board of Directors of the Bank has declared a dividend of @160% to the shareholders, entailing a total payout of Rs. 93.60 Crore, including dividend tax for the year 2009-10.

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