Punjab National Bank (PNB) has paid Rs 418.61 crore to the Central Government towards dividend for the financial year 2011-12.
The dividend payment advice for Rs 418.61 crore was handed to Mr Namo Narain Meena, Minister of State for Finance, by Mr K.R.Kamath, Chairman & Managing Director of the bank, here on Tuesday.
Also present on the occasion were Executive Directors, Mr Rakesh Sethi and Ms Usha Ananthasubramanian.
For the financial year 2011-12, this public sector lender had declared a dividend of 220 per cent, i.e Rs 22 per share of Rs 10 each.
The Centre currently holds 56.1 per cent equity stake in the bank. PNB has for the last three financial years been paying a dividend of 220 per cent.