SBI pays Rs 6,959 crore dividend exchequer to govt
SBI declared a dividend of Rs 13.70 per share for the financial year 2023-24.
The country's largest lender, State Bank of India (SBI), has paid a dividend of Rs 6,959 crore for the financial year 2023-24 to the government. SBI Chairman Dinesh Kumar Khara presented the dividend cheque to Finance Minister Nirmala Sitharaman in the presence of Financial Services Secretary Vivek Joshi.
"Smt Nirmala Sitharaman receives a dividend cheque of Rs 6,959.29 crore for FY 2023-24 from State Bank of India Chairman Shri Dinesh Kumar Khara," the finance ministry said in a post on X.
Read Also : IREDA poised to support India’s RE SectorSBI declared a dividend of Rs 13.70 per share for the financial year 2023-24, higher than Rs 11.30 per equity distributed for the previous year.
Meanwhile, the Bank of Maharashtra (BoM) has presented a Rs 857 crore dividend cheque to Finance Minister Nirmala Sitharaman.
Read Also : NTPC Board approves Raising of Funds through issue of Non-Convertible DebenturesThe bank declared a dividend of Rs 1.40 per equity share (14 percent) for FY24, BoM said in a statement.
Read Also : Employees Pension Scheme 1995 amended to benefit members less than six months serviceNews Must Read
- CONCOR and ITE Japan sign MoU for green cold chain logistics solution
- NTPC Hiring for Associate Position: Last Date of Applying Today
- REC Limited Board Approves Two Projects
- BEL receives orders worth Rs.3,172 Crores
- BPCL and UPSRTC Sign MoU to Install Water Coolers at UPSRTC Bus Stands across UP
- Bank of India receives Top Honours at PFRDA
- RVNL to Form Subsidiary Company in Dubai
- Coal Ministry invites application to set up coal, lignite Gasification Projects in India
- Jal Shakti Ministry unveiled New WAPCOS Logo
- MCL surpasses 50 MT coal despatch, sets new record