Centre may tap PSBs for higher dividend in FY25
Hindustan Times|February 08, 2024
The dividends could help cut down the fiscal deficit in the next fiscal year
Rhik Kundu Subhash Narayan

The central government may seek higher dividends from state-owned banks in the next fiscal year on the back of their strong performance, while dividend from the Reserve Bank of India (RBI) may be on similar levels or a tad lower than the record high of the current fiscal, two people aware of the matter said.

Public sector banks (PSBs), which have received capital infusion from the government and executed various reform initiatives over the years, have seen marked reduction in bad loans and rising advances.

Profits reported by stateowned banks have crossed 298,000 crore in the first three quarters of 2023-24, and are 1.3 lakh expected to exceed crore by its end.

この記事は Hindustan Times の February 08, 2024 版に掲載されています。

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この記事は Hindustan Times の February 08, 2024 版に掲載されています。

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