State Bank of India's Central Board met on 03 May 2025 and approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2025.
The audit report for the period is with unmodified opinion.
The Board declared a Dividend of ₹ 15.90 per equity share (1590%) for the financial year ended 31 March 2025.
The record date for determining the eligibility of members entitled to receive dividend is Friday, 16 May 2025.
The dividend payment date is fixed as 30 May 2025.
The Board approved raising equity capital aggregating up to ₹ 25,000 crore (including share premium) in one or more tranches during FY 2025-26 through Qualified Institutions Placement (QIP)/Follow-on Public Offer (FPO) or any other permitted mode or a combination thereof.
The Bank updated its accounting policies effective 01 April 2024 as per RBI's revised framework on classification, valuation, and operation of investment portfolio. This led to transition adjustments debited to reserves/P&L and credited to AFS Reserve.
As per RBI guidelines on Government-guaranteed Security Receipts (SRs), the Bank credited ₹ 3,874.99 crore to the Profit and Loss Account.
Changes in stake in subsidiaries and associates during the year ended 31 March 2025 include reduction in stake in Jio Payments Bank Ltd. (from 22.75% to 14.96%), SBI Cards and Payment Services Ltd. (from 68.63% to 68.60%), SBI Life Insurance Company Ltd. (from 55.42% to 55.38%), SBI General Insurance Company Ltd. (from 69.11% to 68.99%), SBI Funds Management Ltd. and its subsidiaries (from 62.21% to 61.98% and 92.44% to 92.40%), PT Bank SBI Indonesia (from 99.55% to 99.00%), and Yes Bank Limited (from 26.13% to 23.97%).
The Bank divested 2% of its stake in Clearing Corporation of India Limited (CCIL) on 09 August 2024, recognizing a profit of ₹ 111.80 crore.
Details of resolution plans under RBI frameworks showed ₹ 12,923 crore exposure to accounts classified as Standard as of 31 March 2025.
During the year ended 31 March 2025, the Bank transferred NPAs with an aggregate principal outstanding of ₹ 7,016.81 crore to ARCs and ₹ 122.28 crore to other transferees, crediting ₹ 523.37 crore excess provision. The Bank purchased loans not in default through assignment totalling ₹ 10,100.65 crore (secured) and ₹ 12,750.56 crore (unsecured).
Investor complaints: 79 received and disposed off during Q4 FY25, with none pending.
Details regarding the regulatory-driven amalgamation of several Regional Rural Banks (RRBs) effective 01 May 2025 and bifurcations effective 01 January 2025, involving changes in sponsor banks, were noted. SBI's investments in these RRBs are included in its financials.
Provision Coverage Ratio (PCR) as on 31 March 2025 was 74.42%, and 92.08% including AUCA (₹ 1,71,433.33 crore).