Indian Bank pays interim dividend of Rs 125.06 crore

Tags: News
Indian Bank today paid an interim dividend of Rs 125.06 crore to the Finance Ministry for the third quarter ended December 31.

Indian Bank Chairman and Managing Director T M Bhasin handed over the cheque of Rs 103.15 crore to Finance Minister P Chidambaram in New Delhi today, the city-based state-owned bank said in a statement.

"The Bank paid the Dividend Distribution Tax of Rs 21.91 crore and thus the exchequer received Rs 125.06 crore, comprising equity dividend of Rs 103.15 crore and dividend distribution tax of Rs 21.91 crore", it said.

The global business of the bank reached Rs 2.70 lakh crore as on December 31, 2013 registering a Year-on-Year growth of Rs 14.8 per cent.

The bank reported a 19.9 per cent decline in its net profits for the third quarter ending December last year at Rs 264.50 crore.

It had registered net profit at Rs 330.58 crore in the same period of the previous fiscal.

For the nine month period ended December, net profit dipped to Rs 887.65 crore from Rs 1,289.00 crore registered during the corresponding period of the previous fiscal.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Neither secular nor socialist, India at 66 is back where it began

    The republic has entered its 66th year but the nation is more than just another year older.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Building great cities (and nations)

Fifteen to twenty years’ span is the time when humans ...

Kuruvilla Pandikattu SJ

Defining success differently

Researchers spent four decades studying a group of mathematically talented ...

Shona Adhikari

All roads lead to Delhi, as it gears up for art fair

With the seventh edition of India Art Fair (IAF) coming ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture