Board declares ₹4 dividend; Lender skips FY22 guidance State Bank of India’s (SBI) reported fourth-quarter net profit surged 80% overt the year-earlier-period to ₹6,451 crore on account of an improvement in all parameters, Chairman Dinesh Kumar Khara said. “There was an improvement in all areas and we expect the momentum to continue,” Mr. Khara said in a virtual conference. “We are hoping that the second wave [of COVID-19] will wane soon.” Mr. Khara, however, did not give any guidance for FY22 saying the current situation was fluid. He said the bank managed to bring its expenses, other than employee costs, under control.