State Bank of India (SBI) Results & Dividend

State Bank of India (SBI) announced its results today.  SBI posted a 75% spurt in net profit to Rs. 1932 crores in the fourth quarter ended March 2007 (Q4 2007)  compared with Rs. 853 crores in the fourth quarter ended March 2006 (Q4 2006). State Bank of India (SBI) gave more loans to companies, individuals and farmers. Markets, especially the banking stocks, surged today as SBI’s results were much better than what the analysts expected. State Bank of India (SBI) has also declared a dividend of 140% which works out to Rs. 14 per share of face value Rs.10 each.

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