💰 Big Bank Payouts Boost India’s Finances

New Delhi, July 8 – Finance Minister Nirmala Sitharaman received ₹5,304 crore in dividend cheques from three public sector banks for the financial year that ended on March 31, 2025.

Punjab National Bank gave ₹2,335 crore, Bank of India gave ₹1,353 crore, and Indian Bank gave ₹1,616 crore. These payouts follow earlier dividends from SBI (₹8,076.84 crore) and Bank of Baroda (₹2,762 crore) in June.

These strong payments come as public sector companies in finance, power, and energy showed big profits. SBI made ₹70,901 crore in profit this year, and LIC earned ₹48,151 crore. Other major companies like Coal India, NTPC, and Indian Oil also reported high earnings.

These profits help the government by increasing revenue through dividends and taxes, and also support economic growth through large investments and job creation.

The government also met its fiscal deficit target of 4.8% of GDP, collecting ₹30.36 lakh crore in revenue—98.3% of its budget goal.