On Friday, the state-owned Bank of Maharashtra presented a dividend cheque of Rs 857 crore to Finance Minister Nirmala Sitharaman. The cheque was handed over by the Bank’s Managing Director Nidhu Saxena and Executive Director Asheesh Pandey, in the presence of the Financial Services Secretary Vivek Joshi. The bank has declared a dividend of Rs 1.40 per equity share, which amounts to 14% for financial year 2024, as stated in a BoM press release.The Government of India holds an 86.46% stake in the Pune-based bank.
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Source: https://www.ndtvprofit.com/amp/business/bank-of-maharashtra-declares-rs-857-crore-dividend-for-fy24