SBI pays ₹8,813 crore dividend to government after strong FY26 performance

SBI pays ₹8,813 crore dividend to government after strong FY26 performance


In this image received on June 8, 2026, Union Finance Minister Nirmala Sitharaman receives a dividend cheque of Rs 8,813 crore for FY 2025-26 from SBI Chairman CS Setty during a meeting, in New Delhi.
| Photo Credit:
X via PTI Photo

State Bank of India (SBI) on Monday handed over a dividend cheque of Rs 8,813 crore for the financial year 2025-26 to Union Finance Minister Nirmala Sitharaman, according to the Ministry of Finance.

The dividend cheque was presented by SBI Chairman C S Setty to the Finance Minister.

“Smt Nirmala Sitharaman receives a dividend cheque of Rs 8,813 crore for FY 2025-26 from Shri C S Setty, Chairman, SBI,” the Ministry of Finance said in a post on X.

The dividend payout comes after the country’s largest lender reported a strong financial performance for FY26.

Earlier, SBI’s Central Board, at its meeting, declared a dividend of Rs 17.35 per equity share for the year ended March 31, 2026.

The Government of India holds an approximately 55 per cent stake in SBI, making it the largest shareholder in the bank.

Strong profitability drives dividend payout

SBI reported a net profit of Rs 80,032 crore for FY26, registering a growth of 12.88 per cent year-on-year.

For the fourth quarter of FY26, the bank posted a net profit of Rs 19,684 crore.

The bank’s operating profit for FY26 rose 11.25 per cent year-on-year to Rs 1,23,015 crore, reflecting strong business growth and operational performance.

SBI’s return on assets (ROA) for FY26 stood at 1.12 per cent, while return on equity (ROE) was reported at 18.57 per cent.

The bank’s net interest income (NII) for FY26 increased by 4.08 per cent compared with the previous year.

The whole bank net interest margin (NIM) for FY26 stood at 2.91 per cent, while the domestic NIM was 3.03 per cent.

For the fourth quarter of FY26, the whole bank NIM was reported at 2.81 per cent and the domestic NIM at 2.93 per cent.

Business growth and asset quality improve

SBI’s overall business crossed Rs 109 trillion during FY26. The bank’s total deposits stood at Rs 59.8 trillion, while advances reached Rs 49.3 trillion during the year. Its agriculture portfolio also crossed the Rs 4 trillion mark, highlighting continued growth in lending to the farm sector.

On the asset quality front, SBI reported further improvement in non-performing assets.

The gross non-performing asset (NPA) ratio improved by 33 basis points year-on-year to 1.49 per cent, while the net NPA ratio improved by 8 basis points to 0.39 per cent.

The dividend payout to the government comes amid the bank’s strong profitability, business growth and improvement in asset quality during FY26.

Published on June 8, 2026



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India expects oil and gas prices to fall despite Iran conflict, says Hardeep Puri

India expects oil and gas prices to fall despite Iran conflict, says Hardeep Puri


Union Minister for Petroleum and Natural Gas Hardeep Singh Puri during the launch of E85 fuel (a blend of 85% ethanol and 15% petrol) on World Environment Day at an Indian Oil fuel station on Pusa Road, in New Delhi on Friday.
| Photo Credit:
ANI

India expects prices of ​both
oil and gas to drop in the coming ‌months, with enough stocks
available despite the U.S.-Israeli ​war with Iran that has
squeezed energy ⁠supplies, Oil Minister Hardeep Singh Puri told
broadcaster CNN-News18 on Monday.

Here are some details.

* Indian state retailers have raised ‌fuel prices four times
since mid-May to offset the impact of supply disruptions caused
by ‌the war, after holding off earlier amid ‌state ⁠elections.

* Petrol price is now about ⁠7.8% higher while diesel is up
8.6%.

* Oil prices cannot remain at their current height for “a
very long time” and are ​expected to fall in ‌the months ahead,
Puri said.

* The situation, however, may become “worrying” if the Gulf
crisis expands to other theatres, he said, adding that New Delhi
has ‌oil and gas reserves to last 76-80 ​days.

* Global oil prices have surged 40% to trade near $100 a
barrel since the ⁠war restricted shipments through the Strait of
Hormuz, which served as a passage for roughly one-fifth of ‌the
world’s oil and gas supplies before the conflict.

* India sourced more than 40% of its crude imports and about
90% of its liquefied petroleum gas imports, used for cooking,
through the conduit before fighting erupted in February.

* Puri also said ‌he expected suppliers from the Western
Hemisphere, including the U.S. ​and Canada, to make up for
shortages.

* India has repeatedly called for dialogue and ⁠diplomacy to
end the war that has disrupted trade and ⁠travel, and killed
thousands of people.

* On Monday, the Indian foreign ministry expressed “utmost
concern” over ‌renewed hostilities and called on all parties to
immediately de-escalate tensions and conclude ongoing
negotiations for a ​diplomatic solution.

Published on June 8, 2026



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LPG Price Hike: एलपीजी गैस सिलेंडर और होगा महंगा, केंद्र सरकार ने कर दिया साफ, कारण भी बता दिया

LPG Price Hike: एलपीजी गैस सिलेंडर और होगा महंगा, केंद्र सरकार ने कर दिया साफ, कारण भी बता दिया


LPG Price Hike: यूएस-ईरान के बीच चल रहे युद्ध के कारण भारत में भी लोगों को महंगाई की मार झेलना पड़ रही है. बीते कुछ दिनों में पेट्रोल- डीजल के साथ ही कमर्शियल और एलपीजी गैस सिलेंडर के दाम भी बढ़ गए हैं. लेकिन ये महंगाई की मार अभी थमी नहीं है बल्कि आने वाले समय में और भी बढ़ने वाली है. सरकार की तरफ से ये बात कंफर्म कर दी गई है कि आने वाले समय में घरेलू गैस के दाम और भी बढ़ने वाले हैं.  

सरकार की तरफ से आया बयान
दरअसल हाल ही में केंद्रीय मंत्री प्रहलाद जोशी ने बताया है कि आने वाले समय में पेट्रोल- डीजल के दामों में इजाफा हो सकता है. उन्होंने कहा, ‘गैस सिलेंडर की कीमत बढ़ने से हमें भी दुख और अफसोस है. लेकिन इसकी आलोचना करने से पहले लोगों को दुनिया की मौजूदा स्थिति को समझना चाहिए. इस समय पूरी दुनिया कई गंभीर संकटों का सामना कर रही है.’

उन्होंने आगे कहा, ‘दुनिया भर में माल की ढुलाई और सप्लाई (ट्रांसशिपमेंट) प्रभावित हो रही है. एलपीजी भी अब बहुत कम जगहों से उपलब्ध हो रही है. ऐसे में सप्लाई और कीमतों पर दबाव बढ़ गया है.’

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आम लोगों के लिए चिंतित है सरकार
उन्होंने अपनी बात को आगे बढ़ाते हुए कहा कि, ‘ढुलाई (ट्रांसपोर्टेशन) का खर्च काफी बढ़ गया है. गैस की मूल कीमत (बेस कॉस्ट) भी ज्यादा है. इसके अलावा, सामान को एक जगह से दूसरी जगह पहुंचाने में 40-45 दिन लग रहे हैं, जिससे बीमा (इंश्योरेंस) का खर्च भी बढ़ गया है. आम लोगों की परेशानी को लेकर हम भी उतने ही चिंतित हैं, लेकिन मौजूदा हालात में गैस की कीमत बढ़ाना मजबूरी बन गया है.’

हाल में बढ़े हैं दाम
बता दें कि हाल ही में 7 जून, रविवार को घरेलू गै सिलेंडर के दामों में बढ़ोतरी हुई है. प्रति सिलेंडर 29 रुपये की बढ़ोतरी के बाद अब बाजार में 14.2 किलो का सिलेंडर दिल्ली में 942 रुपये का हो गया है. वहीं इससे पहले कमर्शियल गैस सिलेंडर के दामों में भी बढ़ोतरी हुई थी. जिससे व्यापारियों और खाने से जुड़ा कारोबार करने वालों के बीच काफी तनाव देखा गया था. 

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गबन- हेराफेरी के आरोपों के बीच लगातार तीसरे दिन गिरे राजेश एक्सपोर्ट्स के शेयर

गबन- हेराफेरी के आरोपों के बीच लगातार तीसरे दिन गिरे राजेश एक्सपोर्ट्स के शेयर


Rajesh Export LTD Shares: बीते गुरुवार यानी 4 जून को राजेश एक्सपोर्ट उस समय चर्चा में आ गई, जब कंपनी के ऊपर धोखाधड़ी और गबन का आरोप लगा. कंपनी तभी से जांच के दायरे में है. इसी बीच सोमवार को लगातार तीसरे दिन राजेश एक्सपोर्ट्स लिमिटेड कंपनी के शेयर गिरे हैं. तो वहीं कुछ रिपोर्ट्स में ये भी बताया गया है कि कंपनी को जल्दी ही PLI स्कीम से भी हटाया जा सकता है.

कंपनी के शेयर्स में भारी गिरावट
दरअसल सोमवार को राजेश एक्सपोर्ट्स लिमिटेड के शेयरों में भारी बिकवाली देखने को मिली. कंपनी का शेयर लगातार तीसरे कारोबारी दिन 5% के लोअर सर्किट पर पहुंच गया. शेयर 4.95 रुपये गिरकर 94.50 रुपये पर बंद हुआ.

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PLI स्कीम से बाहर हो सकती है कंपनी
इसी बीच कुछ सूत्रों ने ये जानकारी दी है कि मिनिस्ट्री ऑफ हैवी इंडस्ट्रीज, राजेश एक्सपोर्ट्स को एडवांस्ड केमिस्ट्री सेल (ACC) बैटरी स्टोरेज के लिए दी गई PLI योजना के लाभार्थियों की लिस्ट से हटाने पर भी विचार कर रही है. आखिर फैसला केंद्रीय मंत्री एडी कुमारस्वामी की मंजूरी के बाद लिया जाएगा.

SEBI ने लगाए हैं ये आरोप
सिक्योरिटीज एंड एक्सचेंज बोर्ड ऑफ इंडिया (SEBI) ने 3 जून को जारी एक अंतरिम आदेश में आरोप लगाया कि कंपनी के कुछ फंड निजि खातों और प्रमोटरों से जुड़ी संस्थाओं के जरिए भेजे गए, जिसकी सही जानकारी निवेशकों को नहीं दी गई. SEBI का ये भी दावा है कि कंपनी ने वित्त वर्ष 2020-21 से 2024-25 के बीच अपने (Revenue) को करीब 15.15 लाख करोड़ रुपये तक बढ़ा-चढ़ाकर दिखाया हो सकता है.

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कंपनी ने आरोपों को बताया गलत
वहीं इस पूरे मामले पर जब कंपनी के संस्थापक और चेयरमैन राजेश मेहता का भी बयान सामने आया है. उन्होंने बताया कि SEBI के आरोप पूरी तरह से गलत हैं. उनका कहना है कि कंपनी पहले ही 300 से 400 जीबी डेटा और लाखों पन्नों के दस्तावेज जमा कर चुकी है. हो सकता है कि SEBI को जरूरी दस्तावेज नहीं मिले हों. कंपनी आने वाले 15 दिनों में सभी दस्तावेज दोबारा जमा करेगी.



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We don't even know where LIC's office is: Rajesh Exports chief

We don't even know where LIC's office is: Rajesh Exports chief


File picture: Rajesh Mehta, Chairman, Rajesh Exports Ltd
| Photo Credit:
PAUL NORONHA

With Rajesh Exports facing regulatory pressure and concerns about LIC’s exposure to the beleaguered gold jewellery firm, Chairman Rajesh Mehta has distanced himself from the insurer’s investment decisions, arguing that ordinary retail shareholders stand to gain regardless of how the situation plays out.

“LIC has not purchased the shares yesterday or last year. LIC’s purchases are over a period of time, approximately 20 years. These shares have been taken by LIC from the open market, from the stock market,” Mehta told PTI in an interview.

Currently, LIC holds a 10.80 per cent stake in Rajesh Exports.

Mehta was categorical that neither he nor other promoters had any role in LIC’s accumulation of the stock.

“No promoter has ever sold his shares to LIC. The company has never made any placement to LIC. By the buying of shares by LIC, the company or the promoters have never benefited in any manner,” he said.

Mehta said the company had no relationship with or knowledge of LIC’s investment decisions.

“We don’t even know where LIC’s office is. We have no contact, no connection. This decision of buying shares through the secondary market is their own decision in a prudent commercial manner.”

Despite the sharp erosion in Rajesh Exports’ share price, Mehta expressed confidence, based on his own assessment, that LIC had not yet slipped into the red on its position.

The stock of Rajesh Exports Ltd has tumbled over 14 per cent since June 3, and hit a new lower circuit limit of Rs 94.50 on Monday. “Even today, at these pathetic rates and lower rates also, according to my understanding, LIC has still not lost money. This accumulated price, I believe, I have not seen it. I believe this accumulated price still supports,” he said.

“Even if LIC has lost money, and this is the most important statement which I am giving for the first time, who is the counter-gainer? If somebody loses, somebody has to gain. Who is the counterpart who has gained? It is the common Indian public.”

“They have taken the shares from the common Indian public, who have benefited. What is wrong with that? Are the people who are speaking against this, against the benefit of the common Indian public?” he pointed out.

On whether a potential LIC exit could destabilise Rajesh Exports, Mehta was dismissive and once again said any sell-off is an opportunity for retail buyers.

“If they are able to sell, let them sell. Let the public buy back…. It is the public which has benefited in this, not the company or the promoter,” he said.

LIC, India’s largest institutional investor, has not commented on its position in Rajesh Exports or its future investment strategy with respect to the stock.

Published on June 8, 2026



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South Korea names first female PM in decades to lead AI push

South Korea names first female PM in decades to lead AI push


South Korean President Lee Jae Myung is placing his hopes on former Naver Corp. chief executive Han Seong Sook to help better utilize the nation’s tech expertise for future growth and ensure its benefits spread more widely through the economy. 

Han will become the country’s second female premier, assuming her appointment is approved by the national assembly, elevating a former technology executive to one of the nation’s highest political posts. 

The tapping of Han underscores Lee’s commitment to shoring up future growth of the domestic economy and the need to leverage a wider range of industries. During her five years at the helm of Naver, a company sometimes called the Google of Korea, Han helped broaden its revenue streams beyond its search engine model to also draw on e-commerce, fintech and content generation. 

The 58-year-old minister for small businesses and startups began her career as a technology journalist, before taking on roles at a startup search site and then the senior positions at Naver. She embarked on her political career after leaving the company in 2024.

Han would become the first woman to hold the post since former Prime Minister Han Myeong Sook served under President Roh Moon Hyun nearly two decades ago. Her appointment would again demonstrate that women can reach the highest echelons of the political realm in the nation even if their wider representation in positions of power still lags other developed nations. Park Geun-hye served as the country’s first female president between 2013 and 2017.

The presidential Blue House said Han’s experience leading a major technology company and serving in government makes her well suited to oversee what it described as a national transition centered on artificial intelligence and digital innovation.

Lee underlined the need to find a wider range of growth engines in a speech on Monday marking his first year in power.

Han would take over from political veteran Kim Min-seok, who has helped ensure stability in Lee’s first year in office and now looks set to take the reins of the ruling party. That also makes the appointment a symbolic switch from political fixer to technocrat.

Han presided over a period of mostly rapid growth at Naver. The company’s share price peaked during her tenure, right around the time the pandemic drove users around the world toward internet services. Along with Kakao Corp., the company is today considered an online pioneer and one of the country’s most prominent internet companies.

Still, Han’s stint at Naver was not without controversy. During her time as chief executive reports of bullying and excessive workloads emerged, following the suicide of a Naver employee in 2021. Han launched an internal investigation following the death.

One of the pressing issues Han will need to help address as premier is the perceived unfairness of massive bonuses received by some workers in the chip sector. The issue has crystallized concerns that growth is too focused on a narrow segment of the economy with the benefits not extending to the wider public.

The ruling Democratic Party welcomed the nomination, saying Han would help expand the benefits of a semiconductor- and export-led boom to small businesses and local merchants, while advancing the government’s AI agenda.

More stories like this are available on bloomberg.com

Published on June 8, 2026



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