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Govt likely to get lower FY18 dividend from PSBs

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ET Now learns that government is likely to get lower than budgeted FY18 dividend from state-run lenders and also lower than last year. According to sources, Public Sector Banks have reached out to Finance Ministry as their balance sheets are constrained on NPA provisioning for large accounts. FinMin officials are meeting PSBs to understand the likely shortfall. Ruchi Bhatia reports.

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