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PSU Banks Not To Pay Dividends

PSU Banks Not To Pay Dividends

Wednesday, January 18, 2017, 10:02 AM

Some PSU Banks have told the Finance Ministry, that it might not be possible for them to pay dividends as their profits are low and there are not many takers for loans. PSU Banks are hit by demonetization and bad loans. Gross NPA’s of public sector banks has risen to INR 6,30,323 crores around September 30th from INR 5,50,346 crores in June 2016.
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