State Bank of India, the nation's largest lender, has offered the highest-ever dividend cheque of Rs 6,959 crore to the government for FY 2023-24. The cheque was handed over by Dinesh Kumar Khara, Chairman, SBI, to Finance Minister Nirmala Sitharaman in the presence of Vivek Joshi, Secretary, Department of Financial Services.
In an official statement issued by the Ministry of Finance, "@nsitharaman receives a dividend cheque of Rs 6,959.29 crore for FY 2023-24 from @TheOfficialSBI Chairman Shri Dinesh Kumar Khara."
SBI declared a dividend of Rs 13.70 per share for the financial year 2024 against a dividend of Rs 11.30 per equity distributed in the previous year.
Consolidated net profit rose to an all-time high of Rs 67,085 crore in FY24 from Rs 55,648 crore earned in the previous fiscal year.
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