Team News Riveting
New Delhi, May 3
State Bank of India (SBI), the largest state-run lender in the country, on Saturday announced a dividend of Rs 15.90 per equity share for all the eligible shareholders.
The board of directors of SBI met on Saturday to finalise the fourth quarter results of the financial year 2024-25 and the dividend. “The record date for determining the eligibility of members entitled to receive dividend on equity shares is Friday, 16.05.2025 and dividend payment date is fixed as 30.05.2025,” SBI said in a regulatory filing today.
The board also approved a fundraising opportunity of up to Rs 25,000 crore, in one or more tranches in the financial year 2025-26 through a Qualified Institutions Placement (QIP)/ Followon Public Offer (FPO) or any other permitted mode or a combination, as per the BSE filing.
The January March quarter results for fiscal 2024-25 (Q4FY25) reported a drop of 10 per cent in standalone net profit to Rs 18,642.59 crore, compared to Rs 20,698.35 crore in the corresponding period last year.
India’s largest state-run lender’s operating profit for FY25 crossed Rs 1 lakh crore and grew by 17.89 per cent year-on-year (YoY) to Rs 1,10,579 crore while operating profit for Q4FY25 grew by 8.83 per cent YoY to Rs 31,286 crore.
The bank’s net profit for FY25 stood at Rs 70,901 crore, witnessing a growth of 16.08 per cent YoY. The gross non performing asset (NPA) ratio stood at 1.82 per cent and improved by 42 bps YoY. The net NPA ratio was at 0.47 per cent improved by 10 bps YoY.
