On Monday, the Central government received a dividend cheque from India’s biggest public sector lender, State Bank of India, totalling Rs 8,813 crore, for the fiscal year 2025-26.
Union Finance Minister Nirmala Sitharaman received the dividend cheque in New Delhi from SBI Chairman C. S. Setty.
A large portion of the government’s non-tax revenue comes from SBI, and the dividend payout is a testament to it. The Finance Minister’s Office formally announced the news on X, a social media platform.
The payment of dividends is a reflection of the country’s largest lender’s outstanding profitability and financial health, according to the Finance Ministry.
The dividend represents a significant part of the money the government gets from investing in public companies and banks. The ongoing expansion of SBI’s banking operations, digital services, and lending activity provides the backdrop to the hefty dividend payment. The State Bank of India (SBI) has prominently featured India’s resiliency in the face of worldwide economic turmoil since C.S. Setty took over as chairman.
Setty had earlier this month urged investors to look beyond the short-term ups and downs of the market and concentrate on India’s structural transformation, highlighting the country’s solid macroeconomic fundamentals and long-term growth prospects.
Image: ET Market
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