Bank of Maharashtra pays ₹857 cr dividend to Govt

BL Mumbai Bureau Updated - June 21, 2024 at 10:47 PM.
Nidhu Saxena, MD & CEO of Bank of Maharashtra | Photo Credit:

Bank of Maharashtra (BoM) has paid ₹857.16 crore dividend for the financial year 2023-24 to the Government. Nidhu Saxena, MD & CEO, presented the dividend on Friday to Union Finance Minister Nirmala Sitharaman. The Government holds an 86.46 per cent stake in the public sector bank. BoM had declared a dividend of ₹1.40 per equity share (14 per cent) for FY24.

Published on June 21, 2024 17:17

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