Four PSU banks present dividend cheques worth Rs 6,481 cr to govt | Economy & Policy News

Four public sector banks, including Canara Bank and Indian Bank, on Wednesday presented dividend cheques worth Rs 6,481 crore to Finance Minister Nirmala Sitharaman for financial year 2023-24.

“Smt @nsitharaman receives a dividend cheque of Rs 2,514.22 crore for FY 2023-24 from Shri Debadatta Chand, Managing Director & CEO -@bankofbaroda,” the finance ministry said in a post on X.

— Nirmala Sitharaman Office (@nsitharamanoffc) July 10, 2024

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 too 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.

First Published: Jul 10 2024 | 8:29 PM IS