Union Bank of India pays record dividend of Rs 1712 cr to Govt for FY23

TBB BUREAU

MUMBAI, AUG 9, 2023

Union Bank of India (UBI), has given to the Government a dividend cheque of Rs.1,712 crore for the financial year 2022-23 (FY23). This is the highest dividend the Union Bank of India has given in any financial year.

Union Bank of India Managing Director & CEO A. Manimekhalai handed over the dividend cheque to Union Finance Minister Nirmala Sitharaman on Wednesday in New Delhi.

Joint Secretary (Banking) Sameer Shukla was also present on the occasion.