State Bank of India pays ₹8,076.84 crore dividend to government for FY25; stock up nearly 1%

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.

"Smt @nsitharaman receives a dividend cheque of ₹8,076.84 crore for FY 2024-25 from Shri C S Setty, Chairman-@TheOfficialSBI," the finance minister's office said in a post on X.

SBI declared a dividend of ₹15.90 per share for the financial year 2024-25, higher than the ₹13.70 per equity share distributed for the previous year. SBI had paid a dividend of ₹6,959.29 crore to the government last year.

During 2024-25, the bank earned a record net profit of ₹70,901 crore, as against ₹61,077 crore in the preceding year, registering a 16% increase.

State Bank of India had reported a net profit of ₹18,642.59 crore in the January-March quarter (Q4 FY25), marking a decline of 10% from ₹20,698.35 crore logged in the corresponding quarter of the previous fiscal year on the back of higher provisioning for non-performing assets.

SBI's provisions for non-performing assets jumped 20% annually to ₹3,964.23 crore as against ₹3,293.94 crore registered in the year-ago period. Sequentially, provisions jumped 72%.

The Mumbai-based lender's net interest income, or the difference between interest earned and interest expended, came in at ₹42,774.63 crore as against ₹41,655.19 crore in the year-ago period. Whole bank net interest margin (NIM) for Q4 FY25 stood at 3%.

SBI's asset quality showed improvement in the fourth quarter of the financial year 2024-25, as its gross non-performing assets, as a percentage of total advances, came in at 1.82% as against 2.07% in the previous quarter. Its net non-performing assets came in at 0.47% as against 0.53% in the previous quarter.

On Monday, shares of State Bank of India rose 1.41% during the intraday period and finally settled at ₹820 apiece on the National Stock Exchange, gaining 0.85%.