Financial Performance 2011-2012 of State Bank of India

It is a broadly described Financial Performance (director’s report) of State Bank of India in the year of 2011-2012. The total assets of the Bank increased by 9.13% from Rs. 12,23,736.20 Crores at the end of March 2011 to Rs. 13,35,519.23 Crores as at the end of March 2012. The Global deposits stood at Rs. 10, 43,647.36 Crores as on 31^st March 2012 against Rs. 9,33,932.81 Crores as on 31^st March 2011, representing an increase of 11.75 % over the level on 31^st March 2011. During the financial year, The Operating Profit of the Bank for 2011-12 stood at Rs. 31,573.54 Crores as compared to Rs. 25,335.57 Crores in 2010-11 registering a growth of 24.62%. The Bank has posted a Net Profit of Rs. 11,707.29 Crores for 2011-12 as compared to Rs. 8,264.52 Crores in 2010-11 registering a growth of 41.66%. The Net Interest Income of the Bank registered a growth of 33.10% from Rs. 32,526.41 Crores in 2010-11 to Rs. 43,291.08 Crores in 2011-12. This was due to higher growth in the advances and investment portfolios. Non-interest income stood at Rs. 14,351.45 Crores in 2011-12 as against Rs. 15,824.59 Crores in 2010-11 registering a decline of 9.31%.

The Bank has declared dividend @ Rs.35.00 per share (350%) as against @ Rs. 30.00 per share (300%) in the previous year.

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