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RBI dividend in FY25 likely at the same level as FY24

Article
Anish Mashruwala
May 13, 2024

Meanwhile, the dividend that the Centre will receive from public sector banks (PSBs) during FY2025 will likely be higher than what it received in FY24 as profits reported by state-owned banks were higher in FY24, as compared to the previous year, the people mentioned above said.

PSBs in profit

Profits of state-owned banks crossed ₹98,000 crore in the first three-quarters of FY2024 and are likely to exceed ₹1.3 trillion by FY24-end.

Please click here to read the full article by Anish Mashruwala, published in Mint.

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Anish Mashruwala Partner

Anish is the current Co-Chair of the Finance Practice at JSA and heads the Banking & Finance group. He also focuses on Cross Border Investments & Acquisitions.