Indian Bank pays Rs 91cr dividend to govt

Tags: News
State-owned Indian Bank has paid 17 per cent final dividend to the government amounting to Rs 90.61 crore for the 2013-14 fiscal.

The dividend was presented by the bank's Chairman and Managing Director T M Bhasin to Finance Minister Arun Jaitley.

This is over and above 30 per cent interim dividend paid by the bank to the government on January 25, 2014, Indian Bank said in a statement.

The bank had paid Rs 103.15 crore as interim dividend.

In addition, Dividend Distribution Tax amounting to Rs 39.79 crore has been paid by Indian Bank to the government.

In all, Indian Bank has paid Rs 234 crore to the exchequer for the full financial year 2013-14, it said.

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