SBI pays ₹8,076.84 crore dividend to Govt for FY25
The Hindu
SBI Chairman presents ₹8,076.84 crore dividend cheque to Finance Minister Nirmala Sitharaman for FY 2024-25.
The country's biggest lender State Bank of India (SBI) on Monday paid a dividend of ₹8,076.84 crore to the government for the financial year 2024-25.
The dividend cheque was presented to Finance Minister Nirmala Sitharaman by SBI Chairman C.S. Setty in the presence of Financial Services Secretary M Nagaraju and Finance Secretary Ajay Seth.
"Smt @nsitharaman receives a dividend cheque of ₹8,076.84 crore for FY 2024-25 from Shri C S Setty, Chairman-@TheOfficialSBI," the finance minister's office said in a post on X.
SBI declared a dividend of ₹15.90 per share for the financial year 2024-25, higher than ₹13.70 per equity share distributed for the previous year. SBI had paid a dividend of ₹6,959.29 crore to the government last year.
During 2024-25, the bank earned a record net profit of ₹70,901 crore, as against ₹61,077 crore in the preceding year, registering a 16 increase.
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