Bank of India pays dividend of Rs. 1,353 cr to govt
Mumbai: Public sector lender Bank of India paid dividend of Rs.1,353.05 crores for the financial year 2024-25 to the government on Tuesday.
The dividend cheque was presented by Rajneesh Karnatak, Managing Director & CEO and all the three Executive Directors of Bank of India to Finance Minister Nirmala Sitharaman in the presence of M. Nagaraju, Secretary, DFS and Ashish More, Joint Secretary, DFS.
Bank of India had declared dividend of Rs.4.05 per equity share (40.50%) for the financial year 2024-25.
For the full year 2024-25, Bank of India’s net profit jumped by 46%, which went up from Rs. 6,318 crores in FY24 to Rs. 9,219 crores for FY25.
"By successfully paying dividends to the Government of India, Bank of India reaffirms its robust financial performance and unwavering dedication to creating value for its shareholders. This accomplishment stands as a testament to the bank’s commitment to excellence and its ability to generate consistent returns," the lender said in a statement.
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