Dena Bank pays Rs 43 cr dividend to govt

Dena Bank has paid a dividend of Rs 42.54 crore to the government for the 2010-11 financial year.

The amount represents a 22% dividend at Rs 2.20 per equity share of Rs 10 face value, Dena Bank said in a statement.

Dena Bank Chairman and Managing Director D L Rawal handed over the cheque to Finance Minister Pranab Mukherjee.

Currently, the Government of India holds a 58.01% stake in the bank.

Source: Business Standard