Financial Performance 2014-2015 of State Bank of India

It is a broadly described Financial Performance (director’s report) of State Bank of India in the year of 2014-2015. The total assets of the Bank increased by 14.24% from Rs. 17,92,748.29 Crores at the end of March 2014 to Rs. 20,48,079.80 Crores as at the end of March 2015. The Global deposits rose by 13.08% and stood at Rs. 15,76,793.25 Crores as on 31^st March 2015 against Rs. 13,94,408.50 Crores as on 31^st March 2014. The Operating Profit of the Bank for FY2015 was higher at Rs. 38,913.50 Crores, as compared to Rs. 32,109.24 Crores in FY2015, an increase of 21.19%. The Bank posted a Net Profit of Rs. 13,101.57 Crores for FY2015, as compared to Rs. 10,891.17 Crores in FY2014, i.e. an increase of 20.30% in spite of higher provisioning requirement. The Net Interest Income of the Bank correspondingly registered a growth of 11.63% from Rs. 49,282.17 Crores in FY2014 to Rs. 55,015.25 Crores in FY2015. Non-interest income increased by 21.68% to Rs. 22,575.89 Crores in FY2015 as against Rs. 18,552.92 Crores in FY2014.

The Board of Directors of The Bank has declared a dividend of Rs. 3.50/- per share of face value of Rupee 1 each.

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