Public Sector Banks Pay ₹6,481 Crore Dividend to Government

Public Sector Banks Pay ₹6,481 Crore Dividend to Government

Four public sector banks, including Canara Bank, Indian Bank, Bank of India, and EXIM Bank, have collectively paid a dividend of ₹6,481 crore to the Government of India for the financial year 2023-24. Finance Minister Nirmala Sitharaman received the dividend cheques from the managing directors and CEOs of these banks, underscoring the government’s efforts to bolster its financial resources and support the country’s economic growth. This dividend payment highlights the continued contribution of public sector banks to the government’s fiscal objectives and their role in strengthening the overall financial ecosystem.

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