Scheduled Dividend Fixing Date Announced by SBI; Verify Payment Date and Other Particulars
Here's the rewritten article:
Hey there! Let's talk about the latest scoop from India's financial scene. The State Bank of India (SBI), the nation's largest public sector bank, has dropped a bombshell with its Q4 results... and a juicy dividend announcement!
SBI shareholders, listen up! The bank has declared a whopping dividend of Rs 15.90 per share[1][2]. Their official release states, "We're dishing out a dividend of Rs 15.90 per equity share of Rs 1 each fully paid up (that's 1590%!) for the year ended 31.03.2025."
The Dividend Calendar
So, when's the cheese hitting the tray? Well, hold onto your tickets!
The record date to determine who's got a seat at this cash cow festival is Friday, 16.05.2025[1]. In terms of State Bank of India General Regulations, the member's register will close for this financial year (2024-25) from Saturday, 17.05.2025 to Monday, 19.05.2025. Mark your calendars; the dividend payout is scheduled for 30.05.2025.
In case you're wondering, SBI reported an impressive 17.89% increase in operating profit last fiscal, surpassing the £110 billion mark[3][4]. Their Q4 operating profit grew by 8.83% year-on-year to Rs 31,286 crore.
Here's the kicker: SBI's net profit for FY25 stood at Rs 70,901 crore, witnessing a growth of 16.08% year-on-year[3]. In their stock exchange filing, their profit after tax (PAT) grew to Rs 20,698 crore in Q4, jumping up from Rs 16,891 crore in the previous quarter (Q3).
The net interest income (NII) for FY25 saw an increase of 4.43%, while for the quarter, net interest income, or core income, went up 2.7% and stood at Rs 42,775 crore[3].
And there you have it! The high-octane, can't-miss, most-anticipated dividend payout from SBI! Keep your eyes peeled and your wallets ready!
- The State Bank of India (SBI) has announced a dividend of Rs 15.90 per share, making it an enormous 1590% for the year ended 31st March 2025.
- Keep note of the record date to be eligible for this dividend payout – it's Friday, 16th May 2025.
- For personal-finance enthusiasts or potential business investors, the SBI's stock exchange filing shows a net profit of Rs 70,901 crore for FY25, representing a growth of 16.08% year-on-year.
- In Q4, the SBI reported an operating profit increase of 17.89%, surpassing £110 billion, and a net interest income (NII) rise of 4.43% for FY25. Investing in businesses like SBI could be a fruitful addition to your finance requirements.
