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SBI paid Rs 8,076.84 crore dividend to the government for FY 2024-25.
SBI Final Dividend 2025.
State Bank of India (SBI), the country’s largest lender, has paid a dividend of Rs 8,076.84 crore to the government for the financial year 2024-25. On Monday, SBI Chairman C S Setty handed the cheque to Finance Minister Nirmala Sitharaman. Financial Services Secretary M Nagaraju and Finance Secretary Ajay Seth were also present during the handover.
The finance minister’s office shared the development in a post on X.
SBI reported a 10 per cent decline in its net profit at Rs 18,643 crore for the fourth quarter ended March 31, 2025. However, its total income during January-March 2025 increased to Rs 1,43,876 crore as against Rs 1,28,412 crore in the year-ago period.
Its net profit had stood at Rs 20,698 crore in the corresponding quarter last year.
SBI’s board also declared a dividend of Rs 15.90 per equity share for FY25. Besides, the board has approved raising equity capital of up to Rs 25,000 crore (including share premium) in one or more tranches during 2025-26 through Qualified Institutional Placement (QIP)/ Follow on Public Offer (FPO) or any other mode.
During the quarter, the bank earned an interest income of Rs 1,19,666 crore as against Rs 1,11,043 crore a year ago.
The bank saw an improvement in asset quality, with gross non-performing assets (NPAs) declining to 1.82 per cent of the total advances in the fourth quarter from 2.24 per cent as at March-end 2024. Similarly, net NPAs eased to 0.47 per cent as against 0.57 per cent.
On a consolidated basis, SBI’s net profit in the quarter fell 8 per cent to Rs 19,600 crore as against Rs 21,384 crore in the same period a year ago. Total income, however, increased to Rs 1,79,562 crore from Rs 1,64,914 crore.
For the full financial year 2024-25, the bank reported 16 per cent increase in profit on a standalone basis at Rs 70,901 crore as against Rs 61,077 crore in the previous year.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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