State-owned Bank of Maharashtra (BoM) on Tuesday presented a dividend cheque of Rs 795.94 crore for the financial year 2022-23 to Finance Minister Nirmala Sitharaman.
This is the highest-ever dividend paid by the bank to the government, BoM said in a statement.
The dividend cheque was presented by the bank managing director A S Rajeev along with Executive Directors A B Vijayakumar and Asheesh Pandey, it added.
Department of Financial Services Joint Secretary Sameer Shukla was also present on the occasion.
BoM declared a dividend of Rs 1.30 per equity share (13 per cent) for the financial year ending on March 31, 2023.
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During the year, BoM's net profit soared 126 per cent, reaching to Rs 2,602 crore, compared to Rs 1,152 crore in the previous fiscal year.
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