Four Public Sector Banks Deliver Collective Dividend of 9,439 Crore Rupees to Government
The dividend checks were formally handed over to Union Finance Minister Nirmala Sitharaman.
Bank of Baroda led the group with the highest dividend payout of 2,811 crore rupees, followed by PNB at 2,416 crore rupees, Canara Bank at 2,397 crore rupees, and Indian Bank at 1,815.05 crore rupees.
This substantial transfer highlights improved asset quality and high profitability across the Indian public banking sector.
Key Facts / Static GK
Punjab National Bank Headquarters: New Delhi.
Practice Quiz — 2 July 2026
Q1. Who has recently assumed charge as the Chairman and Managing Director (CMD) of Hindustan Copper Limited (HCL)?
Q2. The Appointments Committee of the Cabinet (ACC) has approved a one-year tenure extension for which of the following Foreign Secretaries of India?
Q3. Ravi Shankar has been appointed as the Executive Director (ED) of which organization, where he will oversee the Department of Statistics and Information Management (DSIM)?
Q4. Consider the following statements regarding the newly launched Viksit Bharat-Guarantee for Rozgar and Aajeevika Mission (Gramin) [VB-G RAM G] Act, 2025: (1) It replaces the MGNREGA Act, 2005. (2) It guarantees 125 days of wage employment annually per eligible rural household. (3) The Central Government has set the national floor wage under this scheme at 350 rupees per day. Which of the statements given above are correct?
Q5. What was India's gross Goods and Services Tax (GST) revenue collection for the month of June 2026?
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