Govt receives dividend of Rs 6,481 cr from 4 PSU banks
New Delhi: Four public sector banks, including Canara Bank and Indian Bank, on Wednesday presented dividend cheques worth Rs 6,481 crore to Finance Minister Nirmala Sitharaman for financial year 2023-24.
RBI's higher dividend payments might continue in FY25: SBI report
Mumbai: The higher dividends payments by the Reserve Bank of India (RBI) could continue in FY25 also, according to State Bank of India research report
RBI approves a dividend of Rs 2.11 lakh cr to Centre, an increase of 141% YoY
Mumbai: The Reserve Bank of India on Wednesday approved a dividend of Rs 2.11 lakh crore for the Central government for FY24, a significant increase of around 141 percent compared to FY23.
Mumbai: Vedanta Ltd on Wednesday said it will challenge stock market regulator SEBI’s Rs 77.6 crore penalty for delay in dividend payment to its former shareholder Cairn Energy.
Govt expected to receive $2 billion in dividends from PSBs in next fiscal year
New Delhi: The public sector banks are reporting substantial profits and are likely to produce $2 billion in dividends for the next financial year, starting on April 1, media reports said.
RBI revises guidelines on dividend issue by banks
Mumbai: The Reserve Bank of India (RBI) Tuesday conducted a review of the guidelines, eligibility criteria, and board oversight related to the declaration of dividends by banks.
TCIL pays dividend of Rs 14.20 cr to govt for FY23
New Delhi: Telecommunications Consultants India Ltd (TCIL) paid a dividend of Rs 14.20 crore to the government for the Financial Year 2022-23.
L&T Finance Holdings declares highest dividend till date
Pune: L&T Finance Holdings Limited (LTFH) has recommended a final dividend of Rs. 2 per equity share (face value Rs. 10 per share) for the financial year 2022-23 at a board meeting held on Friday.
RBI transfers Rs 87,416 cr dividend to govt; Rs 40,000 cr more than expected
Mumbai: The central board of directors of the Reserve Bank of India (RBI) has given its approval for the transfer of Rs 87,416 crore as a dividend to the Centre, media reports said.
Public sector banks to pay record Rs7,867 crore dividends to govt this year
New Delhi: State-run banks will give the government a whopping Rs7,867 crore in dividends this year, indicating better profitability and capital position, mainly due to falling stock of non-performing assets, media reports said.
Mahindra Mutual Fund Dhan Sanchay Yojana declares dividend
Mumbai, June 12 (IBNS): Mahindra Asset Management Company Pvt. Ltd. (MAMCPL), the investment manager to Mahindra Mutual Fund and the wholly owned subsidiary of Mahindra Finance, announced a dividend of 1.50% (Rs.0.15 per unit on face value of Rs.10) in its open ended equity fund – Mahindra Mutual Fund Dhan Sanchay Yojana – Direct and Regular plan(s).