Financial Performance 2008-2009 of State Bank of India

It is a broadly described Financial Performance (annual report) of State Bank of India in the year of 2008-2009. The total assets of the Bank increased by 33.66% from Rs. 7,21,526.31 Crores at the end of March 2008 to Rs. 9,64,432.08 Crores as at end March 2009. The Global deposits stood at Rs. 7,42,073.13 Crores as on 31^st March 2009, representing an increase of 38.08 % over the level on 31^st March 2008. During the financial year, The Operating Profit of the Bank for 2008-09 stood at Rs. 17,915.23 Crores as compared to Rs. 13,107.55 Crores in 2007-08 registering a growth of 36.68%. The Bank has posted a Net Profit of Rs. 9,121.23 Crores for 2008-09 as compared to Rs. 6,729.12 Crores in 2007-08 registering a growth of 35.55%. The Net Interest Income of the Bank registered a growth of 22.63% from Rs. 17,021.23 Crores in 2007-08 to Rs. 20,873.14 Crores in 2008-09. Non-interest income stood at Rs. 12,690.79 Crores in 2008-09 as against Rs. 8,694.93 Crores in 2007-08.

The Bank has increased the dividend to Rs. 29.00 per share (290%) from Rs. 21.50 per share (215%) in the last year.

More Annual Report/Financial Performance of State Bank of India: