PSBs' Dividend Rises 33% to ₹27,830 Crore in FY24

PSBs declared a dividend of Rs 20,964 crore in previous fiscal, an increase of 32.7%, according to the govt data

- OUR CORRESPONDENT

NEW DELHI: Dividend payout by public sector banks (PSBs) have risen by 33 per cent to Rs 27,830 crore in FY24, indicating significant improvement in financial health of these lenders.

PSBs declared a dividend of Rs 27,830 crore to shareholders in 2023-24 as against Rs 20,964 crore in the previous fiscal, registering an increase of 32.7 per cent, according to the government data.

Of Rs 27,830 crore total dividend, nearly 65 per cent or Rs 18,013 crore was paid to the government towards their shareholding in FY24.