| Purpose | Announcement Date | Ex-Date | Record Date | Dividend Amount | Dividend per Share | Remark |
|---|---|---|---|---|---|---|
| Dividend | 26 Apr 2024 | 10 May 2024 | 10 May 2024 | 1.4 | 14 | Final |
| Outcome of Board Meeting to approve and consider the Audited Financial Results for the Quarter and Year ended 31.03.2024 Recommended a dividend of 14% ie., Rs. 1.40 per equity share of Rs. 10/- each fully paid out of the net profits for the year ended March 31, 2024, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Bank. Intimation of Record Date for the purpose of Dividend | ||||||
Asset quality also improved during the quarter, as the gross NPA ratio reduced to 1.74% from 1.80% in the last quarter.
While dismissing the application, the bankruptcy court noted that the lender approached the tribunal after the limitation period had expired.
Financial Services Secretary M Nagaraju, who was also present at the ceremony, expressed his happiness with the bank's initiative.
Asset quality showed slight improvement with gross non-performing assets (NPA) at 1.85%, down from 1.88% quarter-on-quarter (QoQ).
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