Home Banking Four public sector banks distribute a dividend of Rs 6,481 crore to the Government.

Four public sector banks distribute a dividend of Rs 6,481 crore to the Government.

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Four public sector banks, including Canara Bank, Indian Bank, Bank of India, and EXIM Bank, hand over dividend cheques amounting to Rs 6,481 crore to Finance Minister Nirmala Sitharaman for FY 2023-24.

Four public sector banks, including Canara Bank and Indian Bank, handed over dividend cheques totaling Rs 6,481 crore to Finance Minister Nirmala Sitharaman for FY 2023-24. The finance ministry announced, “Smt @nsitharaman receives a dividend cheque of Rs 2,514.22 crore for FY 2023-24 from Shri Debadatta Chand, Managing Director & CEO – @bankofbaroda,” in a post on X.

Four public sector banks
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Four public sector banks, including Canara Bank and Indian Bank, delivered dividend cheques totaling Rs 6,481 crore to Finance Minister Nirmala Sitharaman for FY 2023-24. The finance ministry noted, “Smt @nsitharaman receives a Rs 2,514.22 crore dividend cheque for FY 2023-24 from Shri Debadatta Chand, Managing Director & CEO – @bankofbaroda,” in a post on X. Canara Bank MD and CEO K Satyanarayana Raju presented a Rs 1,838.15 crore dividend cheque. Chennai-based Indian Bank issued a Rs 1,193.45 crore dividend cheque for 2023-24. Bank of India’s MD and CEO Rajneesh Karnatak handed over a Rs 935.44 crore dividend cheque. Additionally, Mumbai’s EXIM Bank presented a Rs 252 crore dividend cheque for FY 2023-24.

Similarly, Canara Bank’s MD and CEO K Satyanarayana Raju handed over a Rs 1,838.15 crore dividend cheque, while Chennai’s Indian Bank issued a Rs 1,193.45 crore dividend cheque for 2023-24. Bank of India’s MD and CEO Rajneesh Karnatak presented a Rs 935.44 crore dividend cheque, and Mumbai’s EXIM Bank delivered a Rs 252 crore dividend cheque for the same financial year.

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