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PNB and Karnataka Bank each give multibillion‑rupee dividends

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News Analysis IndiaReporter
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June 29, 2026
02:14 PM
PNB and Karnataka Bank each give multibillion‑rupee dividends

Punjab National Bank (PNB) contributed a dividend cheque of ₹2,416 crore to the Finance Minister, presented by its MD & CEO Ashok Chandra. Karnataka Bank followed with a dividend of ₹2,397 crore, handed over by its MD & CEO Brijesh Kumar Singh.

Both banks cited strong earnings, improved asset quality and a resilient balance sheet as the drivers behind the payouts. Their contributions form a significant portion of the total ₹9,400 crore dividend package announced by the public sector banking segment for FY 2025‑26.

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