Canara Bank, Bank of Baroda, Indian Bank pay ₹7,023 cr dividend to govt for FY26

Public sector lenders Canara Bank, Bank of Baroda (BoB) and Indian Bank together paid a dividend of ₹7,023 crore to the government for the financial year 2025-26 on Monday (June 29).

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

For the financial year 2025-26, Canara Bank declared a dividend of 4.2 per share, representing 210% of the face value of ₹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 ₹ 2,811 crore to the Finance Minister.

For 2025-26, the bank declared a dividend of ₹8.50 per equity share, representing 425% of the face value of ₹2 each.

Another public sector lender,

Indian Bank’s MD and CEO Binod Kumar, handed over a dividend cheque of ₹1,815.05 crore to the Finance Minister.

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.