India expects $1.8 billion in dividends from state-run banks in 2024/25: Finance Ministry official

India's state-run banks are expected to generate nearly $2 billion in dividends for the government in the next fiscal year, marking a significant increase from this year. Prime Minister Narendra Modi's efforts to strengthen state banks, including mergers and a bankruptcy law, have contributed to their improved financial performance. State banks are projected to have net profits exceeding $12 billion in the current fiscal year, driven by strong credit demand.
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