Editor
The State Bank of India (SBI), the country's largest bank, has announced impressive financial results for the quarter ended March. The bank's standalone net profit surged by 83% to reach Rs 16,695 crore, compared to Rs 9,113 crore during the same quarter last year.
Furthermore, SBI's Board has declared a dividend of Rs 11.30 per equity share (1130%) for the financial year ending March 2023. Shareholders can expect the dividend payment on June 14.
SBI's Q4 results have exceeded market expectations, with net profit surpassing estimates by a significant margin.