SBI Delivers ₹8,813 Crore Dividend to Central Government for FY 2025-26
SBI's Significant Dividend Contribution
File image of SBI chairman C.S. Setty handing over the dividend cheque to FM Sitaraman(Photo: @nsitharamanoffc/X)
New Delhi, June 8: The State Bank of India (SBI), recognized as the largest lender in the nation, has presented a dividend cheque amounting to ₹8,813 crore to the Central government for the fiscal year 2025-26.
This cheque was officially handed over to Union Finance Minister Nirmala Sitharaman by SBI Chairman C.S. Setty.
The Finance Minister's Office announced this event on the social media platform X, confirming that FM Sitharaman received the substantial dividend from the SBI Chairman.
According to their post, “Finance Minister Nirmala Sitharaman receives a dividend cheque of ₹8,813 crore for FY 2025-26 from C S Setty, Chairman of State Bank of India.”
This dividend payout underscores the robust financial performance of the public sector banking leader and signifies another vital contribution by SBI to the government's non-tax revenue.
This announcement comes as SBI continues to be a pivotal player in India's banking and digital payments landscape.
Under C.S. Setty's leadership, the bank has emphasized India's solid macroeconomic fundamentals and its long-term growth potential, even amidst global uncertainties.
Earlier this month, Setty remarked that a pause in interest rates by the Reserve Bank of India's Monetary Policy Committee (MPC) would aid in stabilizing economic conditions and fostering growth.
During an industry event in Mumbai, he pointed out that while inflation trends are crucial for policymakers, maintaining the current interest rates would promote stable financial conditions and facilitate smooth growth.
“Overall, the market anticipates a potential rate pause at this time. While inflation dynamics are significant, I believe a pause would certainly help stabilize conditions and ensure steady growth,” he stated.
Furthermore, the chairman of India’s largest lender encouraged investors to look beyond the short-term fluctuations in equity markets and concentrate on the country's long-term structural changes driven by reforms in banking, digital infrastructure, financial inclusion, and infrastructure development.
“Do not focus solely on the Sensex… view India as a long-term narrative,” he advised.