New Delhi – Indian Bank, a leading public sector bank, presented a dividend cheque of ₹1,616.14 crore to Union Finance and Corporate Affairs Minister Nirmala Sitharaman for the financial year 2024–25, reaffirming its solid financial footing and commitment to shareholder returns.
Dividend Declared at ₹16.25 Per Share
For FY 2024–25, Indian Bank has declared a dividend of ₹16.25 per equity share, representing a dividend yield of 4.39% based on the current market price of ₹644.15 (as of July 9, 2025). Though lower than last year’s cumulative dividend of ₹28.25 per share, the move underscores the bank’s consistent profitability and stable growth outlook.
Ceremony Highlights
The dividend cheque was formally handed over by Binod Kumar, Managing Director & CEO of Indian Bank, to the Finance Minister in New Delhi. The event was attended by:
- Mr M Nagaraju, IAS, Secretary, Department of Financial Services
- Dr Alok Pande, Additional Secretary & Government Nominee Director of Indian Bank
- Mr Ashish Madhaorao More, IAS, Joint Secretary, Department of Financial Services
Also present were Mr. Ashutosh Choudhury, Executive Director, and Mr. Sunil Jain, Chief Financial Officer of Indian Bank.
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Government Ownership and Stakeholder Value
As a government-owned entity, Indian Bank’s dividend payout is a significant contributor to the Union Government’s non-tax revenue. This year’s payout reaffirms the bank’s financial health, sound governance, and its role in creating long-term value for stakeholders, including its majority shareholder—the Government of India.
About Indian Bank
Indian Bank, a public sector lender established in 1907 and headquartered in Chennai, serves over 100 million customers with a total business of ₹13.25 lakh crore as of March 31, 2025.
