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.


  • Listing of exchanges, shareholder right will boost market fundamentals

    Capital market regulator Securities and Exchanges Board of India (Sebi) announced a milestone change in the Indian capital market at its Monday board


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Sachin Shridhar

Pay well and ask no more

Well, the 7th pay co­mmission has done the obvious. One ...

Kuruvilla Pandikattu

Children, religion and altruism

It is assumed that religious families foster selflessness a­nd love ...

Dharmendra Khandal

For a lark, let's do something serious finally

It’s a sight to behold. As you drive through a ...


William D. Green

Chairman & CEO, Accenture