Corporate Kaleidoscope

Union Bank of India (UBI) has paid a record dividend of Rs 2,054 crore to the Government of India for the financial year 2023-24, marking the highest dividend ever paid by the Bank in any financial year. A. Manimekhalai, Managing Director & CEO of Union Bank of India, presented the dividend cheque to the Finance Minister, Nirmala Sitharaman, on Friday, August 9, 2024, in New Delhi. Joint Secretary (Banking) Sameer Shukla was also present at the occasion.