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Wednesday, Jul 20, 2005

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Money & Banking - Public Sector Banks


SBI pays Rs 393-cr dividend to RBI

Our Bureau

Mumbai , July 19

STATE Bank of India made a payment of Rs 392.92 crore to Reserve Bank of India, representing the dividend for the financial year 2004-05, said a press release.

SBI Chairman, Mr A.K. Purwar handed over the cheque to RBI Governor, Dr Y.V. Reddy on Tuesday.

For the fiscal 2004-05, SBI has declared 125 per cent dividend, including 25 per cent special dividend to commemorate the beginning of 200 years of the bank.

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