SBI Q4 result: Profit rises 41% to Rs 9,113 cr; Rs 7.10-dividend announced

SBI Q4 result: The numbers missed Street estimates, which was expecting the net profit to rise in the range of 63-72 per cent YoY to come in between Rs 10,493 crore and Rs 11,056.7 crore

Country’s biggest state-owned lender, State Bank of India (SBI), on Friday reported 41.2 per cent year-on-year (YoY) rise in net profit at Rs 9,113.5 crore for the quarter ended March 31, 2022 (Q4FY22). The lender also announced dividend of Rs 7.10 per share. 

“The Central Board of the Bank, at its Meeting held on 13th May,2022, has declared a Dividend of Rs 7.10 per equity share (710 per cent) for the financial year ended 31 March, 2022.The date of payment of Dividend is fixed on June 10, 2022," it said in a statement.

The bank had clocked net profit of Rs