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The State Bank of India (SBI) the countrys largest lender has reported an 18 percent rise in consolidated net profit at Rs 21384 crore for the quarter that ended in March aided by strong credit growth. SBI reported a net profit of Rs 18094 crore in the year-ago period. Consolidated net profit during the entire financial year 2023-24 rose by 20.55 per cent to Rs 67085 crore as against Rs 55648 crore in the preceding year. SBIs interest earned in consolidated terms grew 19.8 per cent to Rs 117469 crore during the fourth quarter and grew 25.2 per cent to Rs 439189 crore earnings results released on Thursday showed. SBI Share Price Target Brokerage SBI Rating Brokerage Rating Target (INR) Jefferies Buy 810 JP Morgan Overweight 1000 CLSA Buy 1000 HSBC Hold 900 Citi Sell 705 Morgan Stanley Equal-weight 750 Nomura Buy 825 Macquire Neutral 615 SBI Dividend News SBI has also declared a dividend of Rs 13.70 per equity share for the financial year 2023-24. The record date for determining the eligibility of members entitled to receive dividends on equity shares is May 22 and the final dividend payment date is fixed as June 5. (With Inputs From ANI) (Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice.)