State Bank of India (SBI) has made a strong report for the fourth quarter of 24, in which its operations have been further improved. This is a very big thing for SBI. Its stock has jumped a lot and is moving its market share forward with strength and in this blog we will tell you about SBI Q4. To know the complete details, visit our blog.
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📊 Q4 FY24 Financial Highlights
SBI Net Profit: ₹20,698 crore, up 24% YoY from ₹16,694 crore for Q4 FY23 and this is driven by interest and mi-loan earnings, whatever it has earned
Interest income (NII): ₹41,655 crore, same as last year and 3.1% higher than ₹40,393 crore this year.
₹1.28 lakh crore, while last year the profit was ₹1.06 lakh crore.
₹30,276 crore, a marginal increase from ₹29,732 crore last year
₹1,609 crore, which is almost half from ₹3,315 crore in Q4 FY23, driven by better quality
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🏦 Asset Quality & Loan Growth
- NPA (GNPA): declined to ₹84,276 crore, GNPA ratio increased from 2.78% to 2.24%
- NPA (NNPA): declined to ₹21,051 crore, NNPA ratio stood at 0.57% as against 0.67% in the previous year.
- Total advances increased by 15.24% to Rs 37.67 lakh crore, of which domestic advances increased by 16.26%. Advances increased by 14.68% and advances increased by 13.29%
- Deposits grew 11.1% year-on-year to Rs 49.16 lakh crore
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DIGI MARCH STORE PRINT ON DEMAND
💰 Dividend Declaration
SBI board recommends profit of ₹13.70 per equity share for FY24
Record Date: May 22, 2024
Payment Date: June 5, 2024
📈 Market Reaction
Following the announcement, SBI share price rose 3.6% to a record high of ₹ 839.60 on the BSE
