New Delhi: The country's largest lender State Bank of India (SBI) on Friday paid a dividend of Rs 6,959 crore to the government for the financial year 2023-24.
The dividend check was presented to Finance Minister Nirmala Sitharaman by SBI Chairman Dinesh Kumar Khara in the presence of Financial Services Secretary Vivek Joshi.
"Smt @nsitharaman receives dividend check of Rs 6959.29 crore for FY 2023-24 from Shri Dinesh Kumar Khara, Chairman, @TheOfficialSBI," the Finance Ministry said in a post on Twitter.
SBI declared a dividend of Rs 13.70 per equity share for financial year 2023-24, higher than Rs 11.30 per equity distributed for the previous year.
During 2023-24, the bank earned a record consolidated net profit of Rs 67,085 crore as against Rs 55,648 crore in the previous year.
The dividend check was presented to Finance Minister Nirmala Sitharaman by SBI Chairman Dinesh Kumar Khara in the presence of Financial Services Secretary Vivek Joshi.
"Smt @nsitharaman receives dividend check of Rs 6959.29 crore for FY 2023-24 from Shri Dinesh Kumar Khara, Chairman, @TheOfficialSBI," the Finance Ministry said in a post on Twitter.
SBI declared a dividend of Rs 13.70 per equity share for financial year 2023-24, higher than Rs 11.30 per equity distributed for the previous year.
During 2023-24, the bank earned a record consolidated net profit of Rs 67,085 crore as against Rs 55,648 crore in the previous year.
