State Bank of India (SBI), the largest lender in the country, handed over a dividend cheque of Rs 8,813 crore to the Central government for the financial year 2025-26. The cheque was presented to Union Finance Minister Nirmala Sitharaman by SBI Chairman C.S. Setty.
The Finance Minister’s Office announced the event on social media platform X, confirming that FM Sitharaman received the dividend cheque from the SBI Chairman. This significant dividend payout reflects the robust financial performance of the public sector banking giant and contributes substantially to the government’s non-tax revenue receipts.
SBI’s pivotal role in India’s banking and digital payments landscape is underscored by this development. Under the leadership of C.S. Setty, the bank has emphasized India’s strong macroeconomic fundamentals and long-term growth potential amidst global uncertainties.
SBI Chairman, C.S. Setty, recently expressed that a pause in interest rates by the Reserve Bank of India’s Monetary Policy Committee (MPC) would aid in stabilizing economic conditions and supporting growth. He highlighted the importance of maintaining rate stability for fostering economic growth and financial stability.
Encouraging investors to focus on India’s enduring structural reforms, Setty urged a long-term perspective beyond short-term equity market fluctuations. Emphasizing the nation’s transformation through banking reforms, digital infrastructure, financial inclusion, and infrastructure development, he advised looking at India as a compelling long-term narrative.
