SBI presents Rs 8,813 crore dividend cheque to centre for FY26
New Delhi, June 8
State Bank of India, the country's largest lender, on Monday presented a dividend cheque of Rs 8,813 crore to the Central government for the financial year 2025-26.
The dividend cheque was handed over to Union Finance Minister Nirmala Sitharaman by SBI Chairman C.S. Setty.
The Finance Minister's Office shared the development on social media platform X, stating that FM Sitharaman received the dividend cheque from the SBI Chairman.
"Finance Minister Nirmala Sitharaman receives a dividend cheque of Rs 8,813 crore for FY 2025-26 from C S Setty, Chairman of State Bank of India," it said.
The dividend payout reflects the strong financial performance of the public sector banking giant and marks another significant contribution by SBI to the government's non-tax revenue receipts.
The development comes at a time when SBI continues to play a central role in India's banking and digital payments ecosystem.
Under the leadership of C.S. Setty, the bank has highlighted India's strong macroeconomic fundamentals and long-term growth prospects despite global uncertainties.
Earlier this month, Setty said that a pause in interest rates by the Reserve Bank of India's Monetary Policy Committee (MPC) would help stabilise economic conditions and support economic growth.
Speaking at an industry event in Mumbai, he noted that while inflation trends remain important for policymakers, maintaining the status quo on rates at the current juncture would contribute to stable financial conditions and ensure smooth growth.
"Broadly, the market expects that there could be a rate pause at this juncture. Inflation dynamics remain important, but I think a pause would definitely help stabilise conditions and ensure smooth growth," he said.
In addition, the chairman of India's largest lender urged investors to look beyond short-term movements in equity markets and focus on the nation's long-term structural transformation driven by reforms in banking, digital infrastructure, financial inclusion and infrastructure development.
"Do not look only at the Sensex... look at India as a long-term story," he said.
— IANS
Reader Comments
Impressive dividend payout, but I wish the bank would also focus on reducing NPAs and improving customer service. Many rural branches still face issues with basic transactions. Let's not just celebrate big numbers. 📉
Good to see Indian PSU banks generating value. The chairman's point about looking beyond short-term market movements is spot on. India's fundamentals are strong despite global headwinds. Long-term story indeed! 📈
A dividend of ₹8,813 crore from SBI is fantastic! This shows the government's banking reforms are paying off. But I hope the FM uses this non-tax revenue to ease the burden on common taxpayers. Every rupee counts. 🙏
SBI chairman's advice about not obsessing over Sensex is wise. We need to focus on digital infrastructure, financial inclusion and reforms. However, retail investors still feel the heat of inflation and high interest rates. Hope the RBI pause helps! 🤞
₹8,813 crore is huge! SBI continues to be the backbone of Indian banking. But I hope the dividend doesn't lead to complacency. We need more competition and better services, especially for small businesses and startups. Still, kudos to the team! 🙌
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.