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

EXIM Bank

• Location: Mumbai
• Dividend Amount: ₹252 crore