The Hindu Business Line : UCO Bank pays interim to Govt

UCO Bank on Friday made an interim dividend payment of Rs 59.93 crore to the Centre for the financial year 2006-07. The bank's Chairman and Managing Director, Mr V. Sridar, handed over the dividend cheque to the Union Finance Minister, Mr P. Chidambaram, here. Also present on the occasion were Dr Ashok Lahiri, the bank's director and Chief Economic Advisor to the Government of India, and Mr D. Roybardhan, General Manager, UCO Bank, New Delhi region.

UCO Bank's total business for 2006-07 touched Rs 1,12,400 crore, which represents a 21.47 per cent growth over the previous year. For 2006-07, UCO Bank declared a 10 per cent interim dividend, which has now been paid to shareholders including the Union Government. Currently, the bank's paid-up capital stands at Rs 799.36 crore.

More Stories on : Dividend Announcement | Public Sector Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
UCO Bank pays interim to Govt

Forex reserves surge $2.7 b

Rupee gains 31 paise

IDBI Bank net up 6% in Q4 on interest income

Banks can sell derivative products

PNB opens 131st Kerala branch

ABN-Amro opens branch at Salem

Bond prices rise slightly

Forex reserves: Passing the buck to banks

IDBI sells SPIC loans to Arcil

Vijaya Bank may go slow on lending

Call rates remain unchanged

TMB hikes deposit rates