Mumbai, July 9 -- Public sector lender Bank of India paid dividend of Rs.1,353.05 crores for the financial year 2024-25 to the government on Tuesday.

The dividend cheque was presented by Rajneesh Karnatak, Managing Director & CEO and all the three Executive Directors of Bank of India to Finance Minister Nirmala Sitharaman in the presence of M. Nagaraju, Secretary, DFS and Ashish More, Joint Secretary, DFS.

For the full year 2024-25, Bank of India's net profit jumped by 46%, which went up from Rs. 6,318 crores in FY24 to Rs. 9,219 crores for FY25.

"By successfully paying dividends to the Government of India, Bank of India reaffirms its robust financial performance and unwavering dedication to creating value for its shareholders. This ac...