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.

EDITORIAL OF THE DAY

  • Not warnings, total prohibition of smoking is the only answer to restoring citizens’ health

    In a landmark judgment the Supreme Court on Wednesday said the tobacco industry must adhere to government rules requiring stringent health warnings on

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Urs Schoettli

Japan’s seismic shocks raise big questions

In the middle of April the region of Kumamoto on ...

Zehra Naqvi

The flame of hate

Pyre. The name itself evokes a sense of foreboding, casting ...

Bubbles Sabharwal

Whiners and complainers, please exit

We all know WC stands for a water closet, a ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture