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Strong Financial Performance Reinforces Confidence in Public Sector Banking
Profitability, Stability and Governance Drive Another Milestone
By Pooja Srivastava | Anytime News Network
: Union Bank of India reaffirmed its financial strength by presenting a ₹2,853.33 crore dividend cheque to the Government of India for the financial year 2025-26, underscoring the growing resilience and profitability of India’s public sector banking system.
Dividend Presented to Finance Minister
The dividend cheque was formally handed over by Ashish Pandey, Managing Director & Chief Executive Officer of Union Bank of India, to Union Finance and Corporate Affairs Minister Nirmala Sitharaman. The ceremony was attended by Sanjay Lohiya, Secretary, Department of Financial Services (DFS), Ministry of Finance.
A Reflection of Financial Strength
The dividend payout highlights Union Bank’s sustained financial discipline, improved operational efficiency and robust balance sheet. The bank’s consistent focus on digital transformation, prudent risk management and customer-centric banking has strengthened its profitability while reinforcing confidence in the public sector banking ecosystem.
Leadership at the Forefront
Executive Directors Nitesh Ranjan, Ramasubramanian S., and Amaresh Prasad were also present during the presentation. Bank leadership reiterated its commitment to transparency, responsible governance and long-term value creation for stakeholders.
Boost to the National Exchequer
The dividend contribution reflects the improved financial health of India’s public sector banks and strengthens government revenues that can support development priorities. Financial experts view this as another positive indicator of the banking sector’s resilience and its growing contribution to India’s expanding economy.
