Annual Report 2010-2011 of State Bank of Bikaner and Jaipur

It is a broadly described annual report of State Bank of Bikaner & Jaipur in the year of 2010-2011. During the financial year, The Bank’s overall business of the Bank reached a level of Rs. 95,596 Crore as at end-March 2011 as against Rs. 81,622 Crore as at end-March 2010, recording a growth of Rs. 13,974 Crore (17.1%). The total deposits increased by Rs. 7,793 Crore (16.9%) to reach a level of Rs. 53,852 Crore while gross advances increased by Rs. 6,181 Crore (17.4%) to reach a level of Rs. 41,744 Crore by end-March 2011. During 2010-11, the operating profit increased to Rs. 1140.25 Crore, recording a growth of 26.17% as against Rs. 903.73 Crore in the previous year. The net profit recorded a growth of 21.03% from Rs. 455.16 Crore in 2009-10 to Rs. 550.88 Crore in 2010-11.

The Board of Directors of the Bank has declared an interim dividend for the year 2010-11 of @72% in the month of September 2010. Besides, a final dividend of @92% was declared, taking a total dividend to @164% (Rs. 16.40 per share of face value Rs.10/-), which is higher than the dividend of @144% paid for the year 2009-10.

More Annual Report of State Bank of Bikaner & Jaipur: