The government is set to earn an equity dividend of nearly ₹13,800 crore from the listed public-sector banks (PSBs), all 12 of them, for FY23, up 50 per cent from ₹9,210 crore in FY22.
This will be the highest ever dividend for the government from PSBs.
The 12 PSBs in our sample are paying an equity dividend of nearly ₹21,000 crore for FY23, up 53 per cent from ₹13,710 crore for FY22. This was the best year for PSBs in terms of earnings and dividend payment (see the adjoining charts).
Among individual PSBs, growth in dividend payouts was driven by State Bank of India (SBI), which declared ₹10,085 crore, of which ₹5,740 crore goes to the government. SBI accounted for 48 per cent of the dividends paid by PSBs in FY23 and 42 per cent of the government's earnings from PSBS last financial year.
Diese Geschichte stammt aus der May 27, 2023-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der May 27, 2023-Ausgabe von Business Standard.
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