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Wednesday, July 24, 2013

Dena Bank pays Rs 90-cr dividend

Dena Bank has paid a dividend of Rs 90.89 crore to the Union Government towards dividend for financial year 2012-13.

This public sector lender had declared a dividend of 47 per cent (Rs 4.70 per share of Rs 10 each) for the financial year 2012-13.

The dividend warrant of Rs 90.89 crore was handed to the Finance Minister P. Chidambaram by the bank’s Chairman and Managing Director Ashwani Kumar at the North Block on Tuesday.

Namo Narain Meena, Minister of State for Finance, was present on the occasion.

Dena Bank had paid dividend of Rs 58 crore (Rs 3 per share of Rs 10 each) to the Centre for the financial year 2011-12.

Source: thehindubusinessline


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