SBI posts profit jump of 83.5% at Rs 18,343.25 crore for Q4FY23; announces 1130% payout

State Bank of India (SBI) on Thursday posted fiscal fourth quarter profit at Rs 18,343.25 crore, up 83.5 per cent in comparison to Rs 9,993.76 crore in the same quarter last year. It posted a total income of Rs 1,36,852.39 crore during the fourth quarter, up 26.7 per cent from Rs 1,08,034.68 crore in the fourth quarter of FY22. The Board also declared a dividend of Rs 11.30 per equity share (1,130 per cent) for the financial year ended March 2023. “The date of payment of dividend is fixed on 14th June, 2023 and the dividend warrants will be dispatched before the date of payment, which will be payable, in India, at par at all branches of State Bank of India, irrespective of the amount,” it said in a regulatory filing.