According to an official release issued by SBT release today, the board of directors of the bank have declared a dividend of 100%.
Profitablity could be sustained mainly on acount of an increase in the net interest income and lower depreciation on the investment portfolio. The non-interest income (excluding profit on sale of investments) recorded a growth of 24.26% and total income rose to Rs 2649.69 crore as against Rs 2416.84 crore during FY05.
The earning per share (EPS) touched Rs 517.36, as against Rs 494.26 last year. The capital adequacy ratio of the bank stood as 11.15% as at the end of March 2006.
