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LIC tops PSU dividend payouts with Rs 12,207-cr

hellohimachalse@gmail.com 30 Jul 2026 30 Jul 2026

New Delhi: Finance Minister Nirmala Sitharaman on Wednesday received a dividend cheque of Rs 12,207 crore from the Life Insurance Corporation of India (LIC) for FY 2025-26.

She received a “dividend cheque of Rs 12,207 crore for FY 2025-26 from R. Doraiswamy, MD and CEO, Life Insurance Corporation of India,” according to an X post.

FM Sitharaman also received a dividend cheque of Rs 2,853 crore for FY2025-26 from Asheesh Pandey, MD and CEO, Union Bank of India and a dividend cheque of Rs 211 crore for FY2025-26 from Girija Subramanian, Chairman-cum-Managing Director, the New India Assurance Co. Ltd.

According to an X post by Finance Minister, Public Sector Banks (PSBs) witnessed a significant improvement in asset quality during FY 2025–26, with Gross Non-Performing Assets (GNPA) declining to a record low of 1.9 per cent and combined net profit reaching an all-time high of Rs 1.98 lakh crore.

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