Financial Performance 2010-2011 of State Bank of India

It is a broadly described Financial Performance (annual report) of State Bank of India in the year of 2010-2011. The total assets of the Bank increased by 16.17% from Rs. 10,53,413.73 Crores at the end of March 2010 to Rs. 12,23,736.20 Crores as at end March 2011. The Global deposits stood at Rs. 9,33,932.81 Crores as on 31^st March 2011 against Rs. 8,04,116.23 Crores as on 31^st March 2010, representing an increase of 16.14 % over the level on 31^st March 2010. During the financial year, The Operating Profit of the Bank for 2010-11 stood at Rs. 25,335.57 Crores as compared to Rs. 18,320.91 Crores in 2009-10 registering an excellent growth of 38.29%. The Bank has posted a Net Profit of Rs. 8,264.52 Crores for 2010-11 as compared to Rs. 9,166.05 Crores in 2009-10 registering a decline of 9.84%. The Net Interest Income of the Bank registered a growth of 37.41% from Rs. 23,671.44 Crores in 2009-10 to Rs. 32,526.41 Crores in 2010-11. Non-interest income stood at Rs. 15,824.59 Crores in 2010-11 as against Rs. 14,968.15 Crores in 2009-10 registering a growth of 5.72%.

The Bank has maintained dividend @ Rs. 30.00 per share (300%) as paid in the last year.

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