Lok Sabha Question No. 501 (UNSTARRED), answered on 2016-11-18
Subject: Bank Dividends
Ministry: FINANCE
Asked by: ASADUDDIN OWAISI

## 501.

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UNSTARRED QUESTION NO.501

TO BE ANSWERED ON THE 18th November; 2016/ Kartika 27 , 1938 (SAKA)

## Bank Dividends

## QUESTION

## SHRI ASADUDDIN OWAISI:

Will the Minister of FINANCE be pleased to state:

- (a) whether the State owned banks have to shell out at least 20 per cent of the net profit to the Government as dividend annually;
- (b) if so, the total dividend provided by banks to the Government during the last three years, bank-wise;
- (c) whether most of the state-owned banks are running into losses; and
- (d) if so, the total sum expected and received by the Government as dividend from banks during financial year 2015-16 along with the reasons for low dividend from banks during the period?

## ANSWER

## The Minister of State in the Ministry of Finance

## (SHRI SANTOSH KUMAR GANGWAR)

- (a): Public Sector Banks have to comply with Government and Reserve Bank of India guidelines on dividends which provide that profit making banks have to pay minimum dividend of 20% of their equity (paid up capital) or 20% of their tax profit whichever is higher and the dividend should be payable out of the current year's profit: post
- (b) to (d): The total dividend by the banks to GOl (bank wise) during the last three years is at Annexure. The main reason for low dividend from banks during the period is loss incurred by some of them during the financial year paid

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## Lok Sabha USQ No.501 for 18.11.2016 reg: "Bank Dividends' Dividend received from Banks from the year 2013-14 to 2015-16.

(Rs. in Crore)

| SNo:   | Bank's Name                    | 2013-14   |   2014-15 | 2015-16     |
|--------|--------------------------------|-----------|-----------|-------------|
| 1      | Allahabad bank                 | 80.20     |     56.65 |             |
| 2      | Andhra Bank                    | 39.01     |     73.57 | 20.8655141  |
| 3      | Bank of Baroda                 | 519.38    |    407.13 |             |
| 4      | Bank of India                  | 214.19    |    214.19 |             |
| 5      | Bank of Maharashtra            | 124.42    |     67.87 |             |
| 6      | Canara Bank                    | 350.08    |    348.81 |             |
| 7      | Central Bank of India          | 0.00      |     67.54 |             |
| 8      | Corporation Bank               | 72.00     |     74    |             |
| 9      | Dena Bank                      | 68.63     |     30.18 | 0           |
| 10     | Indian bank                    | 193.76    |    165.62 | 59.15       |
| 11     | Indian Overseas Bank           | 109.41    |      0    |             |
| 12     | Oriental Bank of Commerce      | 134.75    |     58.51 | 12.411633   |
| 13     | Punjab National Bank           | 213.17    |    366.32 |             |
| 14     | Punjab & Sind Bank             | 49.31     |     19.13 | 52.6057578  |
| 15     | Syndicate Bank                 | 231.50    |    225.85 |             |
| 16     | State Bank of India            | 1312.38   |   1566.28 | 1214.62501  |
| 17     | UCO Bank                       | 182.59    |    156.67 |             |
| 18     | Union bank of india            | 152.00    |    231    | 85.04078642 |
| 19     | United Bank of India           | 0.00      |      0    |             |
| 20     | Vijaya Bank                    |           |    114.87 |             |
| 21     | Bhartiya Mahila Bank           | 0.00      |      0    |             |
| 22     | IDBI Bank                      | 122.70    |     92.03 | 0           |
| 23     | State Bank of Bikaner & Jaipur | 0.00      |      0    | 0           |
| 24     | State Bank of Patiala          | 0.00      |      0    |             |
| 25     | State Bank of Hyderabad        | 0.00      |      0    |             |
| 26     | State Bank of Mysore           | 0.00      |      0    |             |
| 27     | State Bank of Travancore       | 0.00      |      0    |             |
|        | Total:                         | 4282.71   |   4336.22 | 1444.698701 |

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