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The 12th Annual General Meeting of Vijaya Bank was held at its Head Office here on Friday. The Board of Directors recommended a dividend of Rs 2.50 per share and fixed 9.50 per cent per annum on perpetual non-cumulative preference share of the Bank payable to Government of India for the financial year 2011-12.
The shareholders approved recommendations of the Board of Directors and adopted accounts and payment of dividend. The AGM was attended by about 500 shareholders. Mr Upendra Kamath, CMD, addressed the shareholders and briefed them on the performance of the bank in the financial year 2011-12.
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