State Bank of India Announces ₹17.35 Dividend Per Share for FY26
SBI declares Rs 17.35/share dividend for FY26. Check record date, other details
The Economic Times
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State Bank of India (SBI) has declared a dividend of ₹17.35 per equity share for the financial year ending March 31, 2026. The record date for eligibility is set for May 16, 2026, with payments scheduled for June 4, 2026. SBI reported a 12.88% increase in annual net profit, reaching ₹80,032 crore.
- 01SBI declared a dividend of ₹17.35 per share for FY26.
- 02The record date for dividend eligibility is May 16, 2026.
- 03SBI's net profit for FY26 rose to ₹80,032 crore, a 12.88% increase.
- 04Net interest income for Q4FY26 increased by 4% to ₹44,380 crore.
- 05Gross NPA ratio improved to 1.49%, down from 1.82% a year earlier.
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State Bank of India (SBI), the largest lender in India, has declared a dividend of ₹17.35 per equity share for the financial year ending March 31, 2026. Shareholders must be on record by May 16, 2026, to be eligible for this dividend, which will be paid out on June 4, 2026. Alongside this announcement, SBI reported a 12.88% increase in its net profit for FY26, amounting to ₹80,032 crore, compared to ₹70,901 crore in FY25. The bank's net interest income for the fourth quarter of FY26 rose by 4% to ₹44,380 crore, although the operating profit saw an 11% decline year-on-year to ₹27,704 crore. SBI's provisions for non-performing assets decreased significantly, reflecting improved asset quality with a gross NPA ratio of 1.49%, down from 1.82% the previous year. Overall, SBI's total business crossed ₹109 lakh crore, with deposits at ₹59.8 lakh crore and advances at ₹49.3 lakh crore.
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The declared dividend provides a return to shareholders, enhancing their investment value. Improved asset quality and profit growth could lead to better lending rates and financial stability for customers.
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