Public Sectors Banks in India Public Sector Undertaking (PSU) banks in India pay dividends to the government because the government is their majority shareholder. As a shareholder, the government is entitled to a portion of the profits that these banks generate, which is distributed in the form of dividends. This practice helps the government earn a return on its investment in these banks, providing an additional source of revenue that can be used for various public expenditures and to support fiscal policies.
Bank | Amount (Rs. Crores) |
SBI | 6959 |
Bank of Baroda | 2514.22 |
Bank of India | 935.44 |
Canara Bank | 1838.15 |
Indian Bank | 1193.45 |
Bank of Maharashtra | 857 |
PNB | 1208.11 |
UCO Bank | 319.33 |
Punjab and Sind Bank | 133.18 |
The dividend amount paid by other banks will be released soon.
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