State Bank of India (SBI),
the country's largest lender, has posted net profit of Rs 4,050.27 crore in the fourth quarter ended March 2012, against just Rs 20.88 crore recorded in Q4 of the previous financial year.
SBI profits had taken a big hit in Q4 2010-11 on account of higher provisioning for
bad loans and increased tax outgo.
Total income of the bank rose to Rs 33,959.54 crore in the quarter, against Rs 26,536.84 crore in the same quarter a year ago, SBI said in a filing to the Bombay Stock Exchange (BSE).
The bank's Board has proposed a dividend of 350 per cent or Rs 35 per share on the face value of Rs 10 for 2011-12.
For the financial year ended March 2012, the net profit of the bank rose by 41.6 per cent at Rs 11,707.29 crore, compared to Rs 8,264.52 crore an year ago.
Total income of the bank during the year rose Rs 1,20,872.90 crore, against Rs 97,218.96 crore in the previous financial year.
On consolidated basis, profit of SBI Group also rose by 44 per cent to Rs 15,343.1 crore for the year ended March 31, compared to Rs 10,684.95 crore a year ago.
During the year, total income of the group increased to Rs 1,77,032.82 crore against Rs 1,47,843.92 crore for the year ended March 31, 2011.
Shares of the bank was trading at Rs 1,908.05 a piece, up 3.24 per cent on BSE at 2.00 pm.
With PTI inputs
Special 
