<p>The country's largest lender SBI on Friday reported a 41 per cent surge in standalone net profit at Rs 9,114 crore for the fourth quarter ended March 2022, helped by decline in bad loans.</p>.<p>State Bank of India (SBI) had registered a profit of Rs 6,451 crore during the January-March period of 2020-21, the lender said in a regulatory filing.</p>.<p>Total income of the bank during the March quarter increased marginally to Rs 82,613 crore, from Rs 81,327 crore in the same period of the previous fiscal.</p>.<p>On a consolidated basis, the bank reported a 56 per cent increase in net profit at Rs 9,549 crore, compared to Rs 6,126 crore in the fourth quarter of the previous fiscal.</p>.<p>With regard to asset quality, gross non-performing assets (NPAs) of the bank declined to 3.97 per cent of gross advances as on March 31, 2022, as against 4.98 per cent by the same period of 2021.</p>.<p>Net NPA or bad loans too came down to 1.02 per cent as on March 31, 2022 from 1.50 per cent in the year-ago period.</p>.<p>For the entire financial year 2021-22, the bank reported a 55 per cent rise in standalone profit at Rs 31,676 crore, from Rs 20,410 crore in the previous financial year.</p>.<p>The board has recommended a dividend of Rs 7.10 per share or 710 per cent on the face value for the financial year ended March 31, 2022.</p>.<p>Shares of SBI were trading at Rs 467.85 per unit, up 1.17 per cent on BSE, shortly after the quarterly numbers were announced.</p>
<p>The country's largest lender SBI on Friday reported a 41 per cent surge in standalone net profit at Rs 9,114 crore for the fourth quarter ended March 2022, helped by decline in bad loans.</p>.<p>State Bank of India (SBI) had registered a profit of Rs 6,451 crore during the January-March period of 2020-21, the lender said in a regulatory filing.</p>.<p>Total income of the bank during the March quarter increased marginally to Rs 82,613 crore, from Rs 81,327 crore in the same period of the previous fiscal.</p>.<p>On a consolidated basis, the bank reported a 56 per cent increase in net profit at Rs 9,549 crore, compared to Rs 6,126 crore in the fourth quarter of the previous fiscal.</p>.<p>With regard to asset quality, gross non-performing assets (NPAs) of the bank declined to 3.97 per cent of gross advances as on March 31, 2022, as against 4.98 per cent by the same period of 2021.</p>.<p>Net NPA or bad loans too came down to 1.02 per cent as on March 31, 2022 from 1.50 per cent in the year-ago period.</p>.<p>For the entire financial year 2021-22, the bank reported a 55 per cent rise in standalone profit at Rs 31,676 crore, from Rs 20,410 crore in the previous financial year.</p>.<p>The board has recommended a dividend of Rs 7.10 per share or 710 per cent on the face value for the financial year ended March 31, 2022.</p>.<p>Shares of SBI were trading at Rs 467.85 per unit, up 1.17 per cent on BSE, shortly after the quarterly numbers were announced.</p>