SBI pays Rs 8,077 Cr Dividend To Govt

New Delhi: Union Finance Minister Nirmala Sitharaman on Monday received a dividend cheque for Rs 8,076.84 crore on behalf of the government from the State Bank of India (SBI) for the financial year 2024-25.

The cheque was presented to the Finance Minister by SBI chairman CS Setty at her office in the presence of senior officials.

The robust dividend came as India’s top public sector companies in the financial, power and energy sectors have recorded a robust growth in profit during the January-March quarter of 2024-25, which is expected to further strengthen the government’s fiscal position.