Financial Performance 2013-2014 of State Bank of India

It is a broadly described Financial Performance (director’s report) of State Bank of India in the year of 2013-2014. The total assets of the Bank increased by 14.43% from Rs. 15,66,211.27 Crores at the end of March 2013 to Rs. 17,92,234.60 Crores as at the end of March 2014. The Global deposits rose by 15.94% and stood at Rs. 13,94,408.50 Crores as on 31^st March 2014 against Rs. 12,02,739.57 Crores as on 31^st March 2013. During the financial year, The Operating Profit of the Bank for 2013-14 was higher at Rs. 32,109.24 Crores, as compared to Rs. 31,081.72 Crores in 2012-13, an increase of 3.31%. The Bank posted a Net Profit of Rs. 10,891.17 Crores for 2013-14, as compared to Rs. 14,104.98 Crores in 2012-13, i.e. a decline of 22.78% on the back of higher provisioning requirement. The Net Interest Income of the Bank correspondingly registered a growth of 11.17% from Rs. 44,329.30 Crores in 2012-13 to Rs. 49,282.17 Crores in 2013-14. Non-interest income increased by 15.69% to Rs. 18,552.92 Crores in 2013-14 as against Rs. 16,036.84 Crores in 2012-13.

The Board of Directors of The Bank has declared a dividend of Rs. 30/- per share (300%) for the year ended 31^st March 2014.

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