On July 8, 2025, the Bank of India handed over a dividend check of ₹1,353.05 crore to the Government of India. This payment is for the financial year 2024-25. The check was presented by Rajnish Karnatak, the Managing Director and CEO of Bank of India, along with three Executive Directors. This event took place in the presence of Finance Minister Nirmala Sitharaman, M. Nagaraju, and Ashish More, Joint Secretary of the Department of Financial Services.
The Bank of India announced a dividend of ₹4.05 per equity share, which amounts to a 40.50% dividend rate. The bank’s net profit for the financial year 2024-25 has surged by 46%, reaching ₹9,219 crore. This is a significant increase from the previous financial year’s profit of ₹6,318 crore.
By successfully paying this dividend to the Indian Government, Bank of India showcases its strong financial performance and commitment to creating value for its shareholders. This achievement highlights the bank’s dedication to excellence and its ability to deliver consistent returns.
The dividend payment reflects the bank’s robust financial health and underscores its role as a key player in the Indian banking sector. The bank has been taking steps to enhance its performance and ensure sustainable growth in a competitive environment.
The Bank of India, established in 1906, is one of the oldest banks in India. It has a rich history and has played a vital role in the development of the country’s economy. The bank offers a wide range of banking services to customers, including personal banking, corporate banking, and international banking services.
In recent years, the bank has focused on digital transformation to improve customer experience and operational efficiency. This includes initiatives to enhance online banking services and mobile applications, making banking more accessible to customers.
The successful payment of dividend is not only a financial milestone for the Bank of India but also a positive signal for investors and stakeholders. It reflects the bank’s sound management practices and its capability to navigate through economic challenges while maintaining profitability.
Looking ahead, the Bank of India aims to continue its growth trajectory. The management is optimistic about the future and is committed to leveraging new technologies and strategies to enhance its market position.
In summary, the recent dividend payment of ₹1,353.05 crore to the Indian Government is a testament to the Bank of India’s strong performance and commitment to its stakeholders. The bank continues to strive for excellence and aims for sustainable growth in the coming years.
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