New Delhi, June 29 (IANS). Public sector banks (PSBs) on Monday handed over dividend checks worth over Rs 9,400 crore to Union Finance Minister Nirmala Sitharaman for the financial year 2025-26.
Among these banks, Bank of Baroda handed over the highest dividend check of Rs 2,811 crore to the Finance Minister. This dividend has been given for the financial year ending 31 March 2026. Dr. Debdutt Chand, Managing Director and Chief Executive Officer of the bank, handed over this check to the Finance Minister in the presence of Sanjay Lohia, Secretary, Department of Financial Services, Ministry of Finance, and executive directors of the bank.
This dividend has been given at a time when Bank of Baroda has recorded the highest ever standalone net profit of Rs 20,021 crore in the financial year 2025-26. This is the first time that the annual profit of the bank has crossed the Rs 20,000 crore mark.
Apart from this, the total global business of the bank also crossed the Rs 30 lakh crore mark by March 31, 2026.
Bank of Baroda has declared a dividend of Rs 8.50 per share for the financial year 2025-26, which is equivalent to 425 percent on each share of face value Rs 2.
Apart from this, a dividend check of Rs 2,416 crore was also handed over to Finance Minister Nirmala Sitharaman from Punjab National Bank (PNB).
The check was presented to the Finance Minister by the bank’s Managing Director (MD) and Chief Executive Officer (CEO) Ashok Chandra.
Along with this, Canara Bank handed over a dividend check of Rs 2,397 crore for the financial year 2025-26 to the Finance Minister. This check was given by the bank’s Managing Director and CEO Brijesh Kumar Singh.
At the same time, Indian Bank also paid dividend to the government. The bank’s Managing Director and CEO Binod Kumar handed over a dividend check of Rs 1,815 crore for the financial year 2025-26 to the Finance Minister.
This dividend has been given by public sector banks at a time when these banks demonstrated strong profits, better asset quality and strong balance sheets in the last financial year.
Due to this strong financial condition, banks have been able to give more dividends to the government. The central government is the largest shareholder of all these public sector banks.
–IANS
DBP
