Money & Banking

Oriental Bank pays Rs 133.7-cr dividend to Centre

K. R. Srivats New Delhi | Updated on November 12, 2019 Published on July 18, 2012

The Union Minister of State for Finance, Mr Namo Narain Meena, being presented a dividend RTGS receipt by the Oriental Bank of Commerce CMD, Mr S. L. Bansal, in New Delhi on Wednesday.

Oriental Bank of Commerce, a public sector lender, has paid a sum of Rs 133.68 crore to the Central Government towards dividend for the financial year 2011-12.

The dividend RTGS receipt for this amount was handed over to Mr Namo Narain Meena, Minister of State for Finance, by Mr S.L.Bansal, Chairman & Managing Director of the bank, at North Block today.

Also present on the occasion were Executive Directors Mr S.C.Sinha and Mr V. Kannan.

For the financial year 2011-12, OBC had declared a dividend of 79 per cent. The shareholders had on June 13 given their nod for dividend of Rs 7.90 per equity share of Rs 10 each for the financial year 2011-12.

>krsrivats@thehindu.co.in

 

Published on July 18, 2012
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