According to a report by BusinessLine, three out of the twelve PSBs declared a three-digit dividend in percentage terms during FY23.
SBI declared a dividend of 1,130 percent of face value, significantly surpassing its dividend declaration from the previous year.
The RBI recently announced a dividend payout of Rs 87,416 crore, nearly triple the amount paid in the previous year.
The accounting year 2021-22, the dividend payout by the RBI amounted to Rs 30,307 crore.
The aggregate dividend income from both PSBs and the RBI will greatly surpass the Centre’s expectations for FY23.