SBI pays ₹8,076.84 crore dividend to Govt for FY25.

State Bank of India (SBI) has paid a dividend of ₹8,076.84 crore to the government for FY25, up from ₹6,959.29 crore last year. The dividend per share is ₹15.90, higher than ₹13.70 in the previous year. SBI's net profit for FY25 was a record ₹70,901 crore, a 16% increase from ₹61,077 crore in the preceding year.

State Bank of India (SBI) has paid a dividend of ₹8,076.84 crore to the government for the financial year 2024-25, marking a significant increase from the previous year's ₹6,959.29 crore [1]. The dividend per share is ₹15.90, which is higher than the ₹13.70 per equity share distributed in the previous year. This robust dividend payout is a result of SBI's record net profit for FY25, which stands at ₹70,901 crore, representing a 16% increase from the ₹61,077 crore recorded in the preceding year [2].

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 [3]. The finance minister's office shared the development on their official social media platform, stating, "Smt @nsitharaman receives a dividend cheque of Rs 8076.84 crore for FY 2024-25 from Shri C S Setty, Chairman-@TheOfficialSBI" [3].

SBI's strong financial performance is reflected in its net profit growth, which is expected to further bolster the government's fiscal position. The bank's net profit for the financial year 2024-25 has soared to ₹70,901 crore, while LIC has recorded an impressive net profit of ₹48,151 crore for the year [4]. Additionally, other large public sector enterprises such as Coal India, Indian Oil Corporation (IOC), ONGC, NTPC, Power Finance Corporation (PFC), and Power Grid Corporation of India have also reported robust profits during the January-March quarter of 2024-25 [4].

The government has successfully met its fiscal deficit target for 2024-25, fixed at 4.8% of the gross domestic product (GDP) in the revised budget estimate for the year. According to the Controller General of Accounts data, the central government collected Rs 30.36 lakh crore as revenue, which works out to 98.3% of the revised Budget Estimates (RE). The earnings of PSUs constitute an important part of these non-tax receipts [5].

References:
[1] https://m.economictimes.com/news/economy/finance/state-bank-of-india-gives-rs-8076-84-cr-dividend-to-govt-for-fy25/articleshow/121727042.cms
[2] https://www.etvbharat.com/en/!business/sbi-pays-crores-dividend-to-govt-for-fy25-enn25060903787
[3] https://bfsi.economictimes.indiatimes.com/news/banking/sbi-declares-record-rs-8077-crore-dividend-to-government-for-fy-2024-25/121725036
[4] https://upstox.com/news/market-news/stocks/state-bank-of-india-pays-8-076-84-crore-dividend-to-government-for-fy-25-stock-up-nearly-1/article-172451/
[5] https://bfsi.economictimes.indiatimes.com/amp/news/banking/sbi-declares-record-rs-8077-crore-dividend-to-government-for-fy-2024-25/121725036