SBI presents dividend cheque of Rs 5,740 cr to Finance Minister

New Delhi: State Bank of India (SBI) on Friday paid a dividend of Rs 5,740 crore for the financial year 2022-23 to Finance Minister Nirmala Sitharaman. The dividend cheque was presented by SBI chairman Dinesh Kumar Khara in the presence of Financial Services Secretary Vivek Joshi.

FM receives dividend cheque of Rs 5,740 cr for FY2022-23

"Nirmala Sitharaman receives a dividend cheque of Rs 5,740 crore for FY 2022-23, which is the highest-ever dividend given by State Bank of India to Govt of India for a financial year, from Dinesh Kumar Khara, Chairman, SBI. DFS Secretary Vivek Joshi is also present on the occasion," the finance minister's office said in a tweet.

SBI had declared a dividend of Rs 11.30 per equity share

SBI had declared a dividend of Rs 11.30 per equity share (1,130 percent) for the financial year ended March 31. For the full 2022-23, SBI's net profit increased 59 percent to Rs 50,232.45 crore. The profit in the 2021-22 fiscal was Rs 31,675.98 crore.

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