(THE NEWSMAN OF INDIA.COM) New Delhi, June 9, 2025 — In a notable affirmation of its strong financial performance, the State Bank of India (SBI) today presented a dividend cheque of ₹8,076.84 crore to Union Finance Minister Smt. Nirmala Sitharaman for the financial year 2024–25.

The dividend cheque was formally handed over by SBI Chairman Shri C.S. Setty marking a significant contribution by the country’s largest public sector bank to the government’s consolidated fund.

A Testament to SBI’s Financial Strength

This substantial payout reflects SBI’s robust earnings in FY 2024–25 and its ongoing commitment to value creation for stakeholders, including the Government of India, which is the bank’s majority shareholder. The dividend marks one of the highest contributions made by SBI to the exchequer in recent years.

The handover ceremony was held in New Delhi, where Finance Minister Sitharaman acknowledged the role of public sector banks like SBI in supporting the country’s fiscal health and developmental priorities.

Leadership in Focus: C.S. Setty at the Helm

This is the first annual dividend payout under the leadership of C.S. Setty, who took over as Chairman of SBI in mid of 2024. Setty’s stewardship comes at a time when SBI is pushing ahead with strategic reforms aimed at digital transformation, credit expansion, and operational efficiency. The strong dividend figure is seen as a reflection of this momentum.

Strengthening the Government’s Fiscal Arsenal

The ₹8,076.84 crore dividend will directly aid the Union Government’s efforts to manage fiscal responsibilities and invest in key sectors such as infrastructure, social welfare, and rural development. Such dividends from profit-making PSUs are a critical non-tax revenue source for the Centre.

This event not only underscores SBI’s consistent profitability but also highlights its role as a vital pillar in India’s financial ecosystem under the capable guidance of Chairman C.S. Setty.