According to GoI Data PSBs' Dividends Surge 33% to ₹27,830 Crore in FY24. Banking & Finance | Dated: 26 Mar 2025 According to Government of India (GoI)'s latest data, Public Sector Banks (PSBs) have witnessed an increase of 32.7% in dividend payout to ₹27,830 crore in the Financial Year 2023-24 (FY24) compared to ₹20,964 crore recorded in FY23. 🎯 Key Highlights: - This increase reflects a significant improvement in the financial health of these PSBs, compared to record losses of ₹85,390 crore registered in FY18. - Of the total dividend received, approximately 65% (₹18,013 crore) was paid to GoI towards their stake in FY24. 💡 Other Important Facts: (i) The data highlighted that the combined net profit of 12 Indian PSBs was at ₹1.41 lakh crore in FY24 against a net profit of ₹1.05 lakh crore in FY23 and earned ₹1.29 lakh crore in nine months (April-December) of FY25. (ii) As per the data, State Bank of India (SBI) emerged as the largest contributor to the overall net profit registered by PSBs during FY24, accounting for over 40% (₹61,077 crore), which marks an increase of 22% compared to the previous FY (₹50,232 crore). 📚 Test Your Knowledge: According to recent GoI data, by what percentage did Public Sector Banks (PSBs) increase their dividend payout in FY24? Correct Answer: 33% 🚀 Quick Recap: