State Bank of India gained 0.78% to Rs 291.60 at 14:10 IST on BSE after net profit rose 23.06% to Rs 3742.02 crore 14.54% rise in total income to Rs 48616.41 crore in Q4 March 2015 over Q4 March 2014.
The company announced results during market hours today, 22 May 2015.
Meanwhile, the S&P BSE Sensex was up 140.44 points or 0.51% at 27,949.79.
On BSE, so far 55.17 lakh shares were traded in the counter as against average daily volume of 17.07 lakh shares in the past one quarter.
At the day's high of Rs 305, the stock rose 5.4%. At the day's low of Rs 290.10, the stock gained 0.25%, so far during the day. The stock had hit a 52-week high of Rs 335.90 on 28 January 2015. The stock had hit a 52-week low of Rs 234.52 on 8 October 2014.
The stock had underperformed the market over the past one month till 21 May 2015, rising 0.1% compared with Sensex's 0.48% rise. The scrip had however outperformed the market in past one quarter, dropping 4.27% as against Sensex's 4.86% fall.
The large-cap public sector bank has equity capital of Rs 756.62 crore. Face value per share is Re 1.
State Bank of India's ratio of net non-performing assets (NPAs) to net advances stood at 2.12% as on 31 March 2015, compared with 2.8% as on 31 December 2014 and 2.57% as on 31 March 2014.
The bank's ratio of gross NPAs to gross advances stood at 4.25% as on 31 March 2015, compared with 4.9% as on 31 December 2014 and 4.95% as on 31 March 2014.
SBI's total provisions and contingencies rose 11.91% to Rs 6592.91 crore in Q4 March 2015 over Q4 March 2014. Provisions for non-performing assets dropped 21.21% to Rs 4635.43 crore in Q4 March 2015 over Q4 March 2014. SBI's provision coverage ratio stood at 69.13% as on 31 March 2015, which was higher than 62.86% as on 31 March 2014.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 12% as on 31 March 2015, compared with 12.03% as on 31 December 2014 and 12.44% as on 31 March 2014.
State Bank of India said that the board of directors of the bank at its meeting held today, 22 May 2015, inter alia, has declared a dividend of Rs 3.50 per share for the year ended 31 March 2015 (FY 2015).
Government of India holds 58.6% stake in SBI (as on 31 March 2015).
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