Both Canara Bank and Bank of India (BoI) have paid dividends to government. Chiefs of respective banks handed over the dividend cheques to the government.
Bank of India handed over dividend cheque of Rs. 935.44 crores for the financial year 2023-24 to Government of India on 10th July 2024.
The dividend cheque was presented by Rajneesh Karnatak, Managing Director & CEO and all the four Executive Directors of Bank of India to Finance Minister Smt. Nirmala Sitharaman.
Bank of India had declared dividend of Rs.2.80 per equity share (28%) for the financial year 2023-24.
For the full year 2023-24, Bank of India’s net profit jumped by 57%, which went up from Rs. 4,023 crores in FY23 to Rs. 6,318 crores for FY24.
Canara Bank MD & CEO K Satyanarayana Raju Presents Dividend Cheque of Rs 1838 Crore for FY 2023-24