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PSU Banks Pay ₹6,481 Crore Dividend to Govt for FY 2023-24

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 for the financial year 2023-24. Finance Minister Nirmala Sitharaman received dividend cheques from each bank’s managing directors and CEOs

Bank of Baroda

  • Managing Director & CEO: Shri Debadatta Chand
  • Dividend Amount: ₹2,514.22 crore

Canara Bank

  • MD and CEO: K Satyanarayana Raju
  • Dividend Amount: ₹1,838.15 crore

Indian Bank

  • Location: Chennai
  • Dividend Amount: ₹1,193.45 crore

Bank of India

  • MD and CEO: Rajneesh Karnatak
  • Dividend Amount: ₹935.44 crore


  • Location: Mumbai
  • Dividend Amount: ₹252 crore

PSU Banks Pay ₹6,481 Crore Dividend to Govt for FY 2023-24_4.1