Canara Bank, Bank of Baroda, Indian Bank pay Rs 7,023 crore dividend to Govt for FY26

New Delhi: Public sector lenders Canara Bank, Bank of Baroda (BoB) and Indian Bank together paid a dividend of Rs 7,023 crore to the government for the financial year 2025-26 on Monday.

Newly appointed Canara Bank MD and CEO Brajesh Kumar Singh presented a dividend cheque of Rs 2,397 crore to Finance Minister Nirmala Sitharaman in the presence of Financial Services Secretary Sanjay Lohiya.

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

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

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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.

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