SBI Share Price Target After Q4 Results; Check On Dividend & Brokerages Comment

The State Bank of India (SBI), the country’s largest lender, has reported an 18 percent rise in consolidated net profit at Rs 21,384 crore for the quarter that ended in March, aided by strong credit growth. SBI reported a net profit of Rs 18,094 crore in the year-ago period.

Consolidated net profit during the entire financial year 2023-24 rose by 20.55 per cent to Rs 67,085 crore as against Rs 55,648 crore in the preceding year.

SBI’s interest earned, in consolidated terms, grew 19.8 per cent to Rs 117,469 crore during the fourth quarter and grew 25.2 per cent to Rs 439,189 crore, earnings results released on Thursday showed.