SBI pays Rs 440.07 cr dividend to RBI

Mumbai, Jul 18: State Bank of India's (SBI) Chairman O P Bhatt has handed over a cheque of Rs 440.07 crore to Reserve Bank of India's Governor Dr Y U Reddy, the dividend for the financial year 2005-06 on SBI share held by RBI.

SBI declared a dividend of 140 per cent for the financial year 2005-06 compared to 125 per cent in the previous fiscal year, according to a SBI release issued here today.

UNI