SBI Q4 Results: The country’s largest public sector bank State Bank of India has declared the results for the fourth quarter of 2021-22. SBI’s profit has increased by 41 per cent to Rs 9,113.5 crore in this quarter. Although the market was estimated to have a profit of Rs 10,000 crore in this quarter. In the same quarter of the last year 2020-21, SBI had a profit of Rs 6,450.75 crore. SBI’s board has also announced a dividend of 7.10 per share to the shareholders. For which the record date has been fixed as 26 May 2022.

SBI’s NPAs decrease
SBI’s Net Interest Income has been Rs 31,198 crore in this quarter. Which is more than Rs 27,067 crore in the same quarter last year. Improvement in asset quality is being observed due to reduction in non-performing assets of the bank. SBI’s net NPA has come down from 1.34 per cent to 1.02 per cent. On the other hand, Gross NPA has come down from 4.50 percent to 3.97 percent. SBI’s net NPAs have come down from Rs 34,450 crore to Rs 27,966 crore on a quarterly basis.

Unhappy with market results
Although the market is disappointed with the results of SBI, which is why after the announcement of the results on the stock exchange, SBI’s stock fell by 2.75 percent. And the stock is trading at Rs 450.

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