Meanwhile, the BSE Sensex was down 65.37 points or 0.41% to 15,961.04.
On BSE, 1.12 lakh shares were traded in the counter as against average daily volume of 9.86 lakh shares in the past two weeks.
The stock hit a high of Rs 1,954.70 and a low of Rs 1,919.40 so far during the day.
The State Bank of India (SBI) stock had fallen 3.43% to settle at Rs 1,938.50 on Tuesday, 22 May 2012. Earlier the stock had rallied 8.61% in two trading sessions to settle at Rs 2,007.40 on 21 May 2012 from Rs 1,848.10 on 17 May 2012, after the state-run bank announced strong Q4 FY 2012 results during trading hours on 18 May 2012.
SBI`s net profit jumped 19297.84% to Rs 4050.27 crore on 28% growth in total income to Rs 33959.54 crore in Q4 March 2012 over Q4 March 2011. The massive rise in SBI`s net profit in the fourth quarter was due to base effect. It may be recalled that SBI had made massive one-time provisions in Q4 March 2011 on account of counter cyclical provisioning buffer, provisions for the teaser home loans and provision for deferred tax. This has resulted in low base effect for year-on-year comparison in Q4 March 2012.
Consolidated net profit surged 304.9% to Rs 5042.12 crore on 33.3% growth in total income to Rs 53501.73 crore in Q4 March 2012 over Q4 March 2011.
SBI`s standalone net profit jumped 41.7% to Rs 11707.29 crore on 24.3% growth in total income to Rs 120872.90 crore in the year ended 31 March 2012 over the year ended 31 March 2011. SBI said it made an additional provision of Rs 1350 crore against certain non-performing domestic advances in the year ended March 2012.
SBI`s Capital Adequacy Ratio (CAR) as per Basel-II norms stood at 13.86% as on 31 March 2012, higher than 11.6% as on 31 December 2011 and 11.98% as on 31 March 2011. The bank`s gross non-performing assets (NPA) ratio stood at 4.44% of gross advances as on 31 March 2012, lower than 4.61% as on 31 December 2011, but higher than 3.28% as on 31 March 2011. The net NPA ratio was at 1.82% of net advances as on 31 March 2012, lower than 2.22% as on 31 December 2011, but higher than 1.63% as on 31 March 2011.
The bank`s provision converge ratio stood at 68.10% as on 31 March 2012, higher than 64.95% as on 31 March 2011.
SBI`s consolidated net profit jumped 43.59% to Rs 15343.10 crore on 19.7% growth in total income to Rs 177032.81 crore in the year ended 31 March 2012 over the year ended 31 March 2011.
SBI is India`s largest commercial bank with a network of over 13,000 branches and 5 associate banks. The bank offers a wide range of banking products and services to corporate and retail customers.
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