Punjab National Bank, Canara Bank, Bank of Baroda and Indian Bank Pay Rs 9,439 Cr Dividend to Govt for FY26

New Delhi: Public sector lenders Punjab National Bank (PNB), Canara Bank, Bank of Baroda (BoB) and Indian Bank together paid a dividend of Rs 9,439 crore to the government for the financial year 2025-26 on Monday.

PNB MD & CEO Ashok Chandra presented a dividend cheque of Rs 2,416 crore for FY 2025-26 to Finance Minister Nirmala Sitharaman in the presence of Financial Services Secretary Sanjay Lohiya, the bank said in a post on X.

Newly appointed Canara Bank MD and CEO Brajesh Kumar Singh also presented a dividend cheque of Rs 2,397 crore to the Finance Minister during the day.

For the financial year 2025-26, Canara Bank declared a dividend of 4.2 per share, representing 210 per cent of the face value of Rs 2 each, the lender said in a statement.

The dividend payout is a testament to Canara Bank’s strong financial performance and its ongoing commitment to creating long-term value for all stakeholders, including its majority stakeholder, the Government of India, it said.

In its statement, BoB said the bank’s MD and CEO, Debadatta Chand, presented a dividend cheque of Rs 2,811 crore to the Finance Minister.

For 2025-26, the bank declared a dividend of Rs 8.50 per equity share, representing 425 per cent of the face value of Rs 2 each.

Indian Bank’s MD and CEO, Binod Kumar, handed over a dividend cheque of Rs 1,815.05 crore to the Finance Minister.

Indian Bank remains committed to supporting the Government of India’s vision of Viksit Bharat by driving inclusive growth through fostering banking and enhanced financial inclusion, the Chennai-based lender said in a statement.

The bank has continued to maintain healthy growth across key business segments while strengthening its asset quality, operational efficiency, and customer-centric initiatives, it added.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)