SBI Declares ₹17.35/Share Dividend and Schedules 71st AGM on June 18, 2026

State Bank of India has declared a final dividend of ₹17.35 per equity share of face value ₹1 each for the financial year ended March 31, 2026. The Central Board of the bank made this declaration at its meeting held on May 8, 2026. The record date for the payment of dividend is May 16, 2026, and the dividend will be paid on June 4, 2026. The bank has also scheduled its 71st Annual General Meeting (AGM) on June 18, 2026, to be conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) at the State Bank Auditorium, State Bank Bhavan, Madame Cama Road, Mumbai, with proceedings commencing at 03:00 P.M. The AGM notice was published in Business Standard (English & Hindi) and Aapla Mahanagar (Marathi) newspapers, and was submitted to the stock exchanges by DGM (Compliance & Company Secretary) Aruna N. Dak on May 16, 2026.

AGM Agenda

The primary agenda for the AGM involves the discussion and adoption of the Balance Sheet and Profit and Loss Account for the financial year ending March 31, 2026. Shareholders will also consider the report of the Central Board regarding the bank's working and activities, along with the Auditor's Report on the accounts. The AGM notice and general instructions for accessing and participating through VC/OAVM, as well as voting through electronic means, are available on the bank's website at https://sbi.bank.in/ and on the websites of BSE Limited and National Stock Exchange of India Limited. The notice can also be accessed from the website of National Securities Depository Limited (NSDL) at https://www.evoting.nsdl.com .

Book Closure and Key Dates

In conjunction with the AGM and dividend payment, State Bank of India has intimated the closure of its register of shareholders. The book closure period is scheduled from May 17, 2026 (Sunday) to May 19, 2026 (Tuesday), inclusive, for the purpose of taking record of shareholders and payment of dividend for the financial year 2025-26. The following table summarises all key dates:

Event: Date Time Record Date (Dividend) May 16, 2026 - Book Closure Start May 17, 2026 - Book Closure End May 19, 2026 - Remote E-Voting Start June 14, 2026 10:00 AM Remote E-Voting End June 17, 2026 05:00 PM Dividend Payment Date June 4, 2026 - Annual General Meeting June 18, 2026 03:00 PM

Dividend and Tax Deduction Details

As per the provisions of the Income-Tax Act, 2025, dividends paid or distributed by the bank shall be taxable in the hands of shareholders. For resident shareholders, tax will be deducted at source under Section 393(1) of the Income Tax Act, 2025 at 10% on dividend amounts exceeding ₹10,000 where PAN has been provided. If PAN is not available or updated, TDS will be deducted at 20% as per Section 397(2) of the Act. Shareholders are required to link their Aadhaar with PAN before the record date of May 16, 2026; failure to do so will render the PAN inoperative and attract TDS at the higher rate. For non-resident shareholders including foreign companies, TDS is deducted at 20% under Section 393 of the Income Tax Act, 1961, which may be reduced under applicable Double Taxation Avoidance Agreements (DTAAs) upon submission of requisite documents. Shareholders are requested to submit relevant documents or confirm residential status on or before May 20, 2026. Resident shareholders who provide Form 121 may be eligible for no tax deduction at source, subject to eligibility conditions. For any queries, shareholders may contact KFin Technologies Limited (Unit-State Bank of India), Selenium Tower B, Plot Nos. 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500032, Telephone: 18003094001, or email investor.seva@sbi.co.in . The communication was signed by Manoj Kumar Sinha, General Manager, dated May 15, 2026.

E-Voting and Participation Details

The bank has facilitated remote e-voting for shareholders unable to attend the meeting in person. The remote e-voting period will begin on June 14, 2026, at 10:00 AM and conclude on June 17, 2026, at 05:00 PM. Shareholders holding shares in either physical or dematerialised form as on the cut-off date are eligible to cast their votes. Shareholders can participate in the virtual meeting and cast votes through the NSDL e-Voting system. The facility for e-voting will also be available on the day of the AGM for members present through VC/OAVM who have not cast their votes remotely. The scrutiniser for the e-voting process is M/s Parikh & Associates, Company Secretaries. The bank has also urged shareholders to update their KYC details including PAN, email ID, address, mobile number, and bank account details with their Depository Participant (if shares are held in demat form) or with the RTA (if shares are held in physical form). As per SEBI guidelines, no physical dividend warrant will be issued and dividend payment will be credited to shareholders' bank accounts only.

State Bank of India has announced the election of four Directors to its Central Board following the conclusion of its General Meeting held on May 15, 2026. The voting results, communicated via a filing to the stock exchanges on May 16, 2026, confirmed the appointment of Dr. Sandhya Shekhar, Shri K.R. Ashok, Shri Khurshed Rustom Dordi, and Shri Sandeep Natwarlal Shah. These directors have been elected under Section 19(c) of the State Bank of India Act, 1955, for a term of three years effective from June 26, 2026, to June 25, 2029.

Election Results and Voting Details

The election was conducted through remote e-voting and video conferencing. Mitesh Dhabliwala of Parikh & Associates served as the Scrutiniser. A total of seven resolutions were put to vote, with the four successful candidates securing the highest number of valid votes. The meeting was attended by 95 shareholders via video conferencing, comprising one from the promoter group and 94 from the public. The record date for determining eligibility was May 8, 2026.

Rank Elected Director Valid Votes Secured 1 Dr. Sandhya Shekhar 5,33,57,377 2 Shri K.R. Ashok 5,23,86,411 3 Shri Khurshed Rustom Dordi 5,20,69,773 4 Shri Sandeep Natwarlal Shah 3,57,98,992

Background and Candidate Addresses

The General Meeting was convened to fill vacancies on the Central Board. Prior to the meeting, candidate Shri Dharmendra Singh Shekhawat had withdrawn his nomination. The newly elected directors will serve a three-year term commencing on June 26, 2026. The registered addresses of the elected directors, as per the regulatory filing, are detailed below:

Dr. Sandhya Shekhar: 44, 3rd Street, Park Avenue, Velachery, Chennai – 600042.

Shri K.R. Ashok: Tower 14, Flat No. 1903, Runwal Gardens Phase 2, Kalyan Shil Road, Dombivli (E), Thane – 421204.

Shri Khurshed Rustom Dordi: 1/3 Gurudeo Hatiskar Marg, Prabhadevi, Mumbai – 400025.

Shri Sandeep Natwarlal Shah: 11-B, Miramar, 3 Nepeansea Road, Near Stephen Church, Mumbai- 400036.

The Scrutiniser's Report was submitted to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 44 of the SEBI (LODR) Regulations, 2015.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.

We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.

Disclaimer:

The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.

This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.

The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.

We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.

This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.

By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.

We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.