SBI FY06 consolidated net at Rs 5,530cr

State Bank of India (SBI) today reported a 1% increase in consolidated net profit at Rs 5,529.92 crore for the year ended March 31, 2006 when compared with Rs 5,463.93 crore in FY05.

According to a release issued by the bank to the BSE today, total income increased to Rs 60,834.92 crore from Rs 54,535.70 crore in FY05.

The bank, on a stand-alone basis, posted a net profit of Rs 853.29 crore in Q4FY06 as against Rs 1,064.88 crore in Q4FY05. Total income increased to Rs 11,186.10 crore from Rs 10,338.16 crore in Q4FY05.

The bank posted a net profit of Rs 4,406.67 crore for the year ended March 31, 2006 when compared with Rs 4,304.52 crore in FY05. Total income increased to Rs 43,183.62 crore from Rs 39,547.91 crore in FY05.

The central board has declared a dividend of Rs 14 per share for the year ended March 31, 2006, the release added.