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Wednesday, July 24, 2013

OBC pays Rs 155 cr dividend to Govt

Oriental Bank of Commerce (OBC) has paid Rs 155.68 crore to the Union Government towards dividend for financial year 2012-13.

The public sector lender had declared a dividend of 92 per cent (Rs 9.2 per share of Rs 10 each).

The dividend RTGS amount for Rs 155.68 crore was presented to the Union Finance Minister P. Chidambaram by the bank’s Chairman and Managing Director S.L. Bansal at North Block today.

Both the Executive Directors V. Kannan and Bhupinder Nayyar were present on the occasion.

Source: thehindubusinessline


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