It appears to be virtually a season of interim dividends for PSU stock holders with Oriental Bank of Commerce (OBC) joining the list of PSUs to announce such a move.

The bank's Board of Directors today approved interim dividend at Rs 4 per share for 2013-14, subject to the Centre’s approval, the bank said in a filing with the stock exchanges.

Apparently, the GoI wants the PSUs to come out with generous payouts to meet its cash crunch and the market is already betting on one of the largest such payouts from Coal India Ltd.

(This article was published on January 11, 2014)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.