Mumbai / New Delhi | June 25, 2025 – In a significant demonstration of robust financial performance and its ongoing contribution to the national economy, Bank of Baroda (BoB), one of India’s largest public sector banks, presented a dividend cheque of ₹2,762 crore for the financial year 2024–25 to the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, on Tuesday.
The cheque was formally handed over by Shri Debadatta Chand, Managing Director & CEO of Bank of Baroda, at the Finance Minister’s office in North Block, New Delhi. The occasion was graced by senior officials including Shri M. Nagaraju, Secretary, Department of Financial Services (DFS); Shri Ashish Madhaorao More, Joint Secretary, DFS; and the Bank’s Executive Directors Shri Lalit Tyagi, Shri Sanjay Mudaliar, Shri Lal Singh, and Smt. Beena Vaheed.
Reflecting Strong Financial Performance
The dividend payout for FY 2024–25 underscores the bank’s record-breaking standalone net profit of ₹19,581 crore, marking a 10.1% year-on-year growth—the highest ever in its history. Bank of Baroda declared a dividend of ₹8.35 per equity share, translating to 418% of the face value of ₹2 per share.
This impressive performance is attributed to the bank’s disciplined strategy, prudent risk management, digital transformation, and customer-centric innovations. The bank has consistently maintained its position as one of India’s leading financial institutions both in terms of profitability and outreach.
A Symbol of Stakeholder Value
The dividend presentation reflects BoB’s continued commitment to shareholder value, national growth, and the economic stability of India. The payout also contributes to government revenues, considering the significant shareholding the Government of India holds in the bank.
Speaking on the occasion, top bank executives emphasized that this achievement is a result of dedicated efforts across the organization—from strategic leadership to frontline execution—and reaffirmed their focus on inclusive and sustainable growth.
Discover more from Allycaral
Subscribe to get the latest posts sent to your email.
