Government expects no dividend from at least 9 PSU banks including Bank of Baroda, Bank of India, IDBI Bank, IOB

27 March 2016, 17:54
Seth Dompreh
The finance ministry has not budgeted for any dividends from at least nine public sector banks during the next fiscal, in what is being seen as an indication that the government expects the finances of several lenders to remain under stress even during 2016-17.

With rising bad debt that has pushed several banks into losses, just five banks -Andhra Bank, Canara Bank 

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