Annual Report 2010-2011 of State Bank of Travancore

It is a broadly described annual report of State Bank of Travancore in the year of 2010-2011. During the financial year, The Bank’s total business stood at Rs. 104,202 Crore on 31^st March 2011, registering a growth of 16.63% from the level of Rs. 89,345 Crore as on 31^st March 2010. Deposits of the Bank registered a growth of 15.49%, reaching the level of Rs. 57,599 Crore as on 31^st March 2011 as against Rs. 49,874 Crore as on 31^st March 2010. Operating profit (after staff provisions) of the Bank for 2010-11 went up by 21% to Rs. 1,175.97 Crore from Rs. 972.27 Crore for the previous year. Net Profit for the year stood at Rs. 727.73 Crore as compared to Rs. 684.27 Crore in 2009-10. The Earnings per share (of Rs.10/- face value) stood at Rs. 145.55 compared to Rs. 136.85 at the end of the previous year.

The Board of Directors of the Bank has declared a dividend of Rs. 18/- per share (@180%) for the year to the shareholders, entailing a total payout of Rs. 90 Crore. Of this, an Interim Dividend of Rs. 8/- per share (80%) was paid out in October 2010.

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