Corporation Bank pays dividend to Govt

Mr Ramnath Pradeep, Chairman and Managing Director of Corporation Bank, presented a dividend warrant of Rs 173.38 crore to the Union Finance Minister, Mr Pranab Mukherjee, in New Delhi on Wednesday. A bank release said here that the amount pertains to the dividend declared by the bank for 2010-11, at the rate of 200 per cent — that is Rs 20 per share on a paid up equity share of Rs 10.