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Banks Shower Govt With Rs 7,023 Cr Dividend
30 Jun
Summary
- Three public banks disbursed Rs 7,023 crore in dividends to the government.
- Canara Bank contributed Rs 2,397 crore, BoB Rs 2,811 crore, and Indian Bank Rs 1,815.05 crore.
- Dividends reflect strong financial performance and commitment to national development.
Public sector lenders Canara Bank, Bank of Baroda, and Indian Bank have jointly paid a dividend of Rs 7,023 crore to the government for the 2025-26 fiscal year. This substantial payout reflects the strong financial health of these institutions.
Canara Bank presented a dividend cheque of Rs 2,397 crore, declared at Rs 4.2 per share. Bank of Baroda contributed Rs 2,811 crore, with a dividend of Rs 8.50 per equity share. Indian Bank added Rs 1,815.05 crore to the government's coffers.
These dividends underscore the banks' commitment to national development and inclusive growth. Indian Bank specifically highlighted its dedication to supporting the 'Viksit Bharat' vision through enhanced financial inclusion and banking services.
