New Delhi, May 9 (Reporter) India’s largest public sector bank State Bank of India (SBI) on Thursday reported about 24 percent jump in net profit at Rs 20,698 crore during Q4 (January-March) period of financial year 2023-24 compared to Rs 16,695 crore in same period in 2022-23.Net Profit for FY24 stands at Rs 61,077 crores witnessing a growth of 21.59 percent YoY after accounting for wage settlement and one-time exceptional item of Rs 7,100 crores. Net profit in 2022-23 was Rs 50,232 crore, the Bank said in a statement.The bank has reported an improvement in the assets quality as the Gross Non Performing Asset (NPA) ratio stood at 2.24 percent witnessing an improvement of 54 basis point year-on-year basis while the Net NPA ratio was 0.57 percent, improved by 10 basis points.The shares of SBI went up 1.27 percent and closed at Rs 820 in an otherwise week market.Bank’s Interest Income grew by 19.46 percent at Rs 1,11,043 crore during Q4 compared to Rs 92,951 crore during corresponding period in the previous fiscal.While the net Interest Income (after deducting interest expenses) saw a marginal growth of 3.13 per cent at Rs 41,655 crore compared to Rs 40,393 crore in the same quarter in the previous fiscal.The Board of Directors have recommended a dividend of Rs 13.70 per equity share of Re 1 each fully paid up (i.e. 1370 per cent) for the year ended 31.03.2024, the Bank said in a regulatory filing with the stock exchange...////...