State Bank of India (SBI) has paid a dividend of ₹8,076.84 crore to the government for the financial year 2024-25 (FY25). This marks a significant increase from the previous year's payout of ₹6,959.29 crore, demonstrating the bank's strong financial performance.
SBI Chairman C. S. Setty presented the dividend cheque to Finance Minister Nirmala Sitharaman on Monday, June 9, 2025, in New Delhi. Senior officials were also present at the event. The Finance Minister's office shared a photo on social media platform X, stating, "Smt @nsitharaman receives a dividend cheque of Rs 8076.84 crore for FY 2024-25 from Shri CS Setty, Chairman - @TheOfficialSBI."
The increased dividend payout is attributed to SBI's record net profit of ₹70,901 crore for FY25. This robust performance reflects the strong growth in profits recorded by top public sector companies in the financial, power, and energy sectors during the January-March quarter of 2024-25. These profits are expected to further strengthen the government's fiscal position.
Other public sector companies have also contributed significantly to the government's finances. Life Insurance Corporation of India (LIC) reported a net profit of ₹48,151 crore for the year. In the energy sector, Coal India earned a net profit of ₹9,604 crore during the fourth quarter, while Indian Oil Corporation (IOC) registered a net profit of ₹7,265 crore, and ONGC reported a net profit of ₹6,448 crore. In the power sector, NTPC recorded a net profit of ₹7,897 crore, Power Finance Corporation (PFC) earned ₹8,358 crore, and Power Grid Corporation of India registered a profit of ₹4,143 crore during the same quarter.
Apart from dividends, these large public sector enterprises boost government revenue through higher corporate tax payments and contribute to the economy through substantial capital expenditure plans.
The government has been witnessing a rise in dividend payouts recently. In May, the Reserve Bank of India (RBI) also paid a record dividend of ₹2.7 lakh crore to the Centre, further boosting government revenues. The combined inflows from public sector undertakings and the central bank are expected to provide a strong fiscal cushion for the government.
SBI's dividend payout has seen a nearly fourfold increase in the last four years, from ₹4 per share in FY21 to ₹13.70 in FY24, and now ₹15.90 for FY25. The SBI board had approved a dividend of ₹15.90 per share for FY25 last month. Since July 4, 2003, SBI has declared 22 dividends, according to Trendlyne data.
As of June 9, 2025, SBI shares were trading at ₹820.85, up 0.96% from the previous close of ₹813.05. The shares opened at ₹817.40 and reached an intraday high of ₹824.50, up 1.4% from the previous close. At the current share price, SBI's dividend yield stands at 1.94%. The Centre holds a 57.43% stake in SBI.
