The Board of Directors of State Bank of India held its meeting on May 18, 2023. It has declared Dividend of Rs 11.3 per equity share for the financial year 2022-23. The Board meeting commenced at 10 AM and concluded at 1.25 PM.
State Bank of India Q4FY23 Result
The company reported an 83 per cent rise in its standalone net profit to Rs 16,694.51 crore in the January-March quarter. The bank’s consolidated net profit for the same period jumped 89.4 per cent to Rs 18,094 crore, while its income from interest rose 31.4 per cent in the same period. SBI’s standalone and consolidated net profit in the same quarter last year stood at Rs 9,113 crore and Rs 9,549.13 crore, respectively.
State Bank of India CMP
The Current Market Price (CMP) or last traded price (LTP) of company was Rs 580.30 at the time of publishing this article. Its 52 weeks high was Rs 629.55 (on 5-Dec-2022) & 52 weeks low was Rs 430.70 (on 20-Jun-2022).
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State Bank of India Dividend Record Date
The company in its letter has informed the exchanges that it has fixed 31 May 2023 as the Record date. Further, payment of dividend will be made to those shareholders whose names appear as Beneficial Owners as at the close of business hours on 31 May 2023.
Moreover, to receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – If you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2023.
Above all, here is the copy of statement, the company has sent to the exchanges:
Further, pursuant to Regulation 43 and Regulation 30 (6), we advise that the Central Board of the Bank, at its Meeting held on 18th May, 2023, has declared a Dividend of Rs. 11.30 per equity share (1130%) for the financial year ended 31st March, 2023. The date of payment of Dividend is fixed on 14th June, 2023 and the dividend warrants will be dispatched before the date of payment, which will be payable, in India, at par at all branches of State Bank of India, irrespective of the amount.
Important Dates
- Company – State Bank of India
- Script Name – SBIN (NSE) & 500112 (BSE)
- Dividend Amount – 11.3 Rs Per Share
- Dividend Type – Normal
- Ex-Dividend Date – 31 May 2023
- Record Date – 31 May 2023
- Payment Date – 14 June 2023
- Current Market Price – Rs 580.30
- 52 Weeks High – Rs 629.55
- 52 Weeks Low – Rs 430.70
Also, you can find more information about State Bank of India on NSE and Moneycontrol – SBI is an Indian multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 43rd largest bank in the world. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market.
