NEWS
Four PSU banks pay Rs 6,481 crore dividend to Govt
Bank of Baroda pays dividend cheque of Rs 2,514.22 crore and Canara Bank Rs 1,838.15 crore for FY24 to government; other two banks are Indian Bank and Bank of India.
Bank of Baroda pays dividend cheque of Rs 2,514.22 crore and Canara Bank Rs 1,838.15 crore for FY24 to government; other two banks are Indian Bank and Bank of India.
Four public sector banks, including Canara Bank and Indian Bank, presented dividend cheques worth Rs 6,481 crore to Finance Minister Nirmala Sitharaman for financial year 2023-24.
The FM received a dividend cheque of Rs 2,514.22 crore for FY2023-24 from Bank of Baroda managing director and CEO Debadatta Chand, the ministry said in a post on X.
Similarly, a dividend cheque of Rs 1,838.15 crore was handed over by Canara Bank MD and CEO K Satyanarayana Raju.
Chennai-based Indian Bank paid a dividend cheque of Rs 1,193.45 crore for 2023-24.
Bank of India also paid a dividend of Rs 935.44 crore and the cheque was presented by its MD and CEO Rajneesh Karnatak.
In addition, Mumbai-based financial institution EXIM Bank presented a dividend cheque of Rs 252 crore for 2023-24.
