State Bank of India (SBI), the country’s largest public sector lender headquartered in Mumbai, Maharashtra, has paid a dividend of ₹8,076.84 crore to the Government of India for the financial year 2024–25. The dividend cheque was presented by SBI Chairman C S Setty to Finance Minister Nirmala Sitharaman.

This marks a significant increase from the previous year’s dividend of ₹6,959.29 crore. The enhanced payout comes on the back of the bank’s record net profit of ₹70,901 crore for FY25, up 16% from ₹61,077 crore in FY24.

SBI, which is majority-owned by the Government of India, declared a dividend of ₹15.90 per equity share for FY25, compared to ₹13.70 in the previous fiscal year. The increased dividend strengthens the government’s non-tax revenue collections amid rising expenditure obligations.

The bank’s performance reflects robust growth across segments, supported by effective cost management and credit expansion. Established in 1955, SBI operates across a broad network with over 22,000 branches and is considered a key driver in India’s banking sector.

For more about SBI, visit sbi.co.in.