Mumbai/New Delhi: Bank of Baroda (BoB), one of India’s premier public sector banks, presented a dividend cheque of ₹2,762 crore to the Hon’ble Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, for the financial year ended March 31, 2025. The dividend was handed over by Debadatta Chand, Managing Director & CEO of Bank of Baroda, at a meeting held at the Finance Minister’s office in North Block, New Delhi.
All-Time High Profit and Robust Financial Performance
For FY 2024–25, Bank of Baroda reported its highest-ever standalone net profit of ₹19,581 crore, registering a year-on-year growth of 10.1%, underscoring the bank’s strong fundamentals and operational resilience in a competitive banking landscape.
In recognition of this performance, the Bank declared a dividend of ₹8.35 per equity share, which translates to 418% of the face value of ₹2 per share — a record payout highlighting the institution’s commitment to delivering sustained value to its shareholders, including the Government of India.
Senior Officials Attend the Presentation
The cheque handover ceremony was attended by key officials including:
- Mr M. Nagaraju, Secretary, Department of Financial Services (DFS)
- Mr Ashish Madhaorao More, Joint Secretary, DFS
- Bank of Baroda’s Executive Directors: Mr Lalit Tyagi, Sanjay Mudaliar, Lal Singh, and Beena Vaheed
The Finance Minister appreciated the bank’s continued efforts in contributing to the exchequer and reinforcing the financial sector’s role in national economic development.
Strategic Growth and Shareholder Value
Bank of Baroda’s strong dividend payout reflects its disciplined financial strategy, robust risk management practices, and its role in supporting the government’s larger economic agenda, including financial inclusion, infrastructure lending, and credit expansion.
With its record-setting profit and strengthened capital position, BoB remains on track to expand its reach, invest in digital infrastructure, and contribute significantly to India’s goal of becoming a $5 trillion economy.
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About BOB
Bank of Baroda (BOB) is an Indian state-owned banking and financial services organization, headquartered in Vadodara, Gujarat. Established on July 20, 1908, it’s one of India’s leading public sector banks with a vast domestic presence and a significant international footprint. BOB was nationalized in 1969. In 2019, Vijaya Bank and Dena Bank were merged into Bank of Baroda.
