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.
| Photo Credit: ANI

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.