State Bank of India had a net profit of Rs 3,299 crore on standalone basis in the January-March quarter of the previous fiscal.

The bank's total income rose to Rs 42,443 crore in Q4, 2013-14, from Rs 36,331 crore in the year ago period, SBI said in a statement.

At the same time, the net interest income of the bank rose by 16.4 percent to Rs 12,903 crore, from Rs 11,591 crore in the fourth quarter of the last fiscal.

Provisions against bad loans increased significantly in Q4 to Rs 5,884 crore from Rs 3,974 crore in the year-ago period.

The gross Non Performing Assets (NPAs) as a percentage of total loan rose to 4.95 percent during the quarter, from 4.75 percent in the year ago period.

The net NPA also increased to 2.57 percent as compared to 2.10 percent in the March 31, 2013.

The gross NPA, which represents portion of bad loans, stood at Rs 61,605 crore at the end of March, up from Rs 51,189 crore in the year ago period.

For full fiscal (2013-14), the bank reported a 23 percent decline in net profit at Rs 10,891 crore compared to Rs 14,105 crore in the previous fiscal.

The total income of the bank rose to Rs 1,36,351 crore, from Rs 1,19,655 crore in 2012-13.

It declared a final dividend of Rs 30 per shares or 300 percent for 2013-14.

The SBI scrip was down 2.79 percent at Rs 2,582 in the afternoon trade on the BSE.

(Agencies)

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