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Indian public sector banks saw a 33% rise in dividends, reflecting improved financial health.
Public sector banks in India saw a 33% jump in dividend payouts to Rs 27,830 crore in fiscal year 2023-24, reflecting improved financial health.
The government received 65% of this amount, or Rs 18,013 crore.
Twelve public banks reported a record aggregate net profit of Rs 1.41 lakh crore, up 32% from the previous year, with the State Bank of India contributing over 40% of the total profit.
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Los bancos del sector público indio registraron un aumento del 33% en los dividendos, lo que refleja una mejora de la salud financiera.