Four PSU banks pay Rs.6,481 crore dividend to Govt

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.

Similarly, a dividend cheque of Rs 1,838.15 crore was handed over by Canara Bank MD and CEO K Satyanarayana Raju.

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 Karnataka.

In addition, Mumbai-based financial institution EXIM Bank presented a dividend cheque of Rs 252 crore for 2023-24.