Bank officials presenting a cheque to Finance Minister Nirmala Sitharaman
The countdown for Budget 2024 has begun in the country. The government needs money to run the country. Where the RBI has given a sigh of relief to the government by giving a dividend of over Rs 2 lakh crore. On the other hand, 4 public sector banks in the country have given good news to the government. This means that a dividend worth thousands of crores of rupees has been deposited in the government treasury. In such a situation, it will be much easier for the government to present the budget and work on infrastructure in the coming days. Let us also tell you who those four government banks are and how much money they have deposited in the government treasury.
Check delivered to the Minister of Finance
Four public sector banks, including Canara Bank and Indian Bank, on Wednesday handed over dividend cheques worth a total of Rs 6,481 crore for the financial year 2023-24 to Finance Minister Nirmala Sitharaman, the Finance Ministry said in a post on the social media platform.
The banks gave so much dividend
Similarly, Canara Bank MD & CEO K Satyanarayana Raju handed over a dividend cheque of Rs 1,838.15 crore. Chennai-based Indian Bank also handed over a dividend cheque of Rs 1,193.45 crore to the government during the last financial year. Public sector Bank of India also handed over a dividend of Rs 935.44 crore to the Finance Minister. The bank’s MD & CEO Rajneesh Karnataka handed over a cheque for this amount. Apart from these, Mumbai-based financial institution Exim Bank also handed over a dividend cheque of Rs 252 crore to the government for the financial year 2023-24.
The RBI had given such a big cheque
Earlier, the Reserve Bank of India had given a record dividend of Rs 2 lakh crore to the government. According to experts, the government will get many kinds of relief in the coming days due to the RBI dividend. On the other hand, there will be freedom to spend maximum on infrastructure and capital expenditure. On the other hand, states that are in need of money will get relief by donating it. Incidentally, some banks will also send dividend cheques to the government. On the other hand, dividend cheques will also come from many government banks.
