SBI FY07 net up 15%, to pay Rs 14/shr

State Bank of India (SBI) today reported a 15% increase in consolidated net profit at Rs 6,364.38 crore for the year ended March 31, 2007 when compared with Rs 5,529.92 crore in FY06.

According to a release issued to the BSE today, total income increased to Rs 68,376.83 crore from Rs 60,834.92 crore in FY06.

The bank, on a stand-alone basis, posted a net profit of Rs 1,493.19 crore for the quarter ended March 31, 2007 when compared with Rs 853.29 crore in Q4FY06. Total income increased from Rs 11,186.10 crore to Rs 14,435.76 crore for the quarter ended March 31, 2007.

The bank posted a net profit of Rs 4,541.31 crore for the year ended March 31, 2007 as against Rs 4,406.67 crore for the year ended March 31, 2006. Total income increased from Rs 43,414.77 crore for the year ended March 31, 2006 to Rs 45,260.28 crore for the year ended March 31, 2007.

The board has declared a dividend of Rs 14 per share for the year ended March 31, 2007.