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Money & Banking - Public Sector Banks
Banks pay dividend to Government

New Delhi, July 6

The Finance Minister, Mr P. Chidambaram, has received a final dividend cheque of Rs 56 crore from Union Bank of India (UBI). The dividend cheque was handed over to him by the UBI’s Chairman and Managing Director, Mr M.V. Nair, here. The Government currently holds 55.43 per cent stake in UBI. Meanwhile, Mr Chidambaram also received a final dividend cheque of Rs 23.35 crore from Vijaya Bank. The cheque was handed over by the Vijaya Bank’s Chairman and Managing D irector, Mr Prakash P Mallya. —

Our Bureau

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Banks pay dividend to Government
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Call rates remain low


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