public sector bank

Govt will obtain 30% extra dividend from public sector banks in FY24

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The federal government will get about 30 per cent extra dividends from public sector banks (PSBs) in FY24 vis-a-vis FY23 as a consequence of good-looking payouts declared by them on the again of sturdy monetary efficiency. A back-of-the-envelope calculation exhibits that PSBs pays dividends aggregating ₹18,013 crore to the federal government in FY24 in opposition … Read more

Canara Financial institution to dilute 13% stake in MF subsidiary by way of IPO

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Canara Financial institution’s board has accorded approval for initiating the method of diluting part of its stake by itemizing its subsidiary, Canara Robeco Asset Administration Firm Ltd (CRAMC), on the inventory change by means of an preliminary public providing (IPO). CRAMC is Canara Financial institution’s three way partnership with Orix Company, Japan, with the financial … Read more