SBI paid Rs.5,740 crore dividend to the government this year, This is the highest paid till now

- Advertisement -

State Bank of India (SBI), the country’s largest public sector bank, has presented the government with a dividend income cheque amounting to Rs 5,740 crore for the financial year 2022-23.

This dividend marks the highest ever paid by the State Bank of India in any fiscal year. On Friday, Dinesh Kumar Khara, the bank’s chairman, handed over the dividend cheque to Finance Minister Nirmala Sitharaman, in the presence of Financial Services Secretary Vivek Joshi.

The Finance Ministry recently tweeted about the dividend, stating, “For the financial year 2022-23, the Finance Minister received a record dividend cheque of Rs 5,740 crore from SBI, the highest ever paid in any fiscal year.”

- Advertisement -

The BSE website’s data reveals that the State Bank of India has distributed a dividend of Rs 23.1130 per share to its shareholders for the financial year 2022-23, with the record date set as May 31, 2023. SBI’s standalone net profit for the quarter ended March stood at Rs 16,694.5 crore, surpassing analysts’ expectations by a significant margin.

The bank’s net profit witnessed an impressive growth of 83.2% compared to the corresponding period the previous year. As per regulatory filings, SBI’s net interest income (NII), the difference between interest earned and interest paid, reached Rs 40,392.5 crore for the three-month period, exceeding the Rs 31,197.9 crore recorded in the quarter ended March 2022.

➡️ Join Whatsapp Group
➡️ Read more news
- Advertisement -

Share this article...

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More News...

Latest

Rs.7000 crore Bitcoin Ponzi Scam, ED seizes property of Raj Kundra

Rs.7000 crore Bitcoin Ponzi Scam, ED seizes property of Raj Kundra

Rs.26 lakh Bank Fraud in Mumbai

Rs.26 lakh Bank Fraud in Mumbai

Woman arrested in Brazil for using dead man to sign loan in Bank

Woman arrested in Brazil for using dead man to sign loan

Election Training Video, Know how to use EVM, VVPAT and conduct Elections

Election Training Video, Know how to use EVM, VVPAT and conduct Elections

17 million dollar Bank Fraud in US

17 million dollar Bank Fraud in US

Royal Bank of Scotland closes 18 Branches as customers are using more Online Banking

Royal Bank of Scotland closes 18 Branches as customers are using more Online Banking

Micro Observer Election Duties and Format PDF

Micro Observer Election Duties and Format PDF

Bank Cashier fight with customer over cash withdrawal in Mirzapur

Bank Cashier fight with customer over cash withdrawal in Mirzapur

12th BPS Update: Bank Unions held Discussions on remaining issues with IBA

12th BPS Update: Bank Unions held Discussions on remaining issues with IBA

Bank Employees beaten by Loan customer in Uttar Pradesh

Bank Employees beaten by Loan customer in Uttar Pradesh

Latest News