Total income of the bank also increased to Rs 48,616.41 crore in the last quarter of FY15, from Rs 42,443.27 crore in the same quarter a year ago, State Bank of India (SBI) said in a filing to the BSE. The bank has recommended a dividend of 350 percent or Rs 3.50 per share for the year ended March 2015.

During January-March quarter of 2014-15, the bank's asset quality improved as net non-performing assets (NPAs) or bad loans were trimmed to 2.12 percent of net advances as against 2.57 percent at the end of previous fiscal. At the same time, gross NPAs also came down to 4.25 percent of gross advances, from 4.95 percent at the end of March 2014.
For the entire fiscal ended March 2015, SBI's net profit increased 20 percent to Rs 13,101.57 crore as compared to Rs 10,891.17 crore for the year ended March 2014.
Total income on a standalone basis increased to Rs 1,74,972.96 crore from Rs 1,54,903.72 crore for the year ended March 2014. SBI Group's consolidated net profit rose 20 percent to Rs 16,994.30 crore during the fiscal under review as compared to Rs 14,173.77 crore in the previous fiscal.

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