Dividend payout by PSU Banks falls short by Rs 5,840 crore
  • WebDesk BTVI
  • Apr 12 2019

Non-tax revenue target for FY19 likely stands at Rs 2.3 lakh crore as opposed to estimated Rs 2.45 lakh crore. While the gap isn’t much, dividend payout by PSU Banks fell short by a huge margin. As opposed to budget estimate of Rs 6,140 crore, PSU Banks have been able to pay only Rs 300 crore in the backdrop of severe loss in Q3.