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:

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 recorded a block trade on the National Stock Exchange (NSE), with approximately 394,723 shares transacted at a price of ₹965.60 per share. The total deal size amounted to ₹38.11 crores, marking a significant single-transaction event in the stock.

Block Trade Details

The following table summarises the key parameters of the block trade:

Block trades of this scale typically indicate participation by large institutional investors or significant portfolio activity, as such transactions are executed outside the regular order book to minimise market impact. The deal involving State Bank of India underscores continued interest in one of India's largest public sector banking institutions.