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Jammu & Kashmir Bank today announced a dividend of Rs 50 per share or 500 per cent to its shareholders.
The dividend of 500 per cent on a share of face value Rs 10 was approved at the annual general meeting of shareholders which was held here, a spokesman of the bank said.
Shares of J&K Bank had closed at Rs 1,178.60 on BSE yesterday.
Bank’s Chairman and CEO Mushtaq Ahmad expressed satisfaction on achieving targets for 2012—13 fiscal.
“We have not only achieved, but even surpassed our Rs 1 lakh crore business target and Rs 1,000 crore profit in the Platinum Jubilee year,” he said.
The bank had reported a profit of Rs 1,055.10 crore and revenue of Rs 6,136.80 crore for 2012—13 fiscal.
“While these achievements enhance our confidence in our abilities, the core guiding philosophy remains the same: creating opportunities and touching lives in more ways than one,” Ahmad said.
Source: thehindubusinessline
The dividend of 500 per cent on a share of face value Rs 10 was approved at the annual general meeting of shareholders which was held here, a spokesman of the bank said.
Shares of J&K Bank had closed at Rs 1,178.60 on BSE yesterday.
Bank’s Chairman and CEO Mushtaq Ahmad expressed satisfaction on achieving targets for 2012—13 fiscal.
“We have not only achieved, but even surpassed our Rs 1 lakh crore business target and Rs 1,000 crore profit in the Platinum Jubilee year,” he said.
The bank had reported a profit of Rs 1,055.10 crore and revenue of Rs 6,136.80 crore for 2012—13 fiscal.
“While these achievements enhance our confidence in our abilities, the core guiding philosophy remains the same: creating opportunities and touching lives in more ways than one,” Ahmad said.
Source: thehindubusinessline
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