| Purpose | Announcement Date | Ex-Date | Record Date | Dividend Amount | Dividend per Share | Remark |
|---|---|---|---|---|---|---|
| Dividend | 6 May 2024 | 7 Jun 2024 | 7 Jun 2024 | 12 | 120 | Final |
| Board of Directors of the Bank in its meeting held on date i.e. Monday, the 06th May,2024, inter alia, approved the following: Recommended dividend of Rs.12.00 per Equity Share i.e @ 120% of paid up Equity Capital of the Bank for the Financial Year 2023-24. The Record Date for payment of dividend will be Friday, the 07th June, 2024 (closure of Business Hours). The payment of dividend is subject to the approval of Shareholders at the ensuing Annual General Meeting of the Bank 3. Book Closure from Saturday, the 08th June 2024 to Saturday, the 15th June 2024 (both days inclusive) in connection with the ensuing Annual General Meeting and Dividend payment Record Date for the purpose of Dividend for FY 2023-24 (As Per BSE Announcement Dated on 06.05.2024) | ||||||
Indian Bank's operating margin also increased, rising to 26.52% in Q4 from 25.45% in the same period last year.
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Binod Kumar, who is the Executive Director at Punjab National Bank, is to take SL Jain's place. Jain will retire next month.
This new approval comes on top of the ₹5,000 Crore already raised earlier in the financial year 2024-25.
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Punjab National Bank levied the highest fee of ₹633 crore, followed by Bank of Baroda at ₹386 crore for non-maintenance quarterly balance.
K Satyanarayana Raju, MD and CEO of Canara Bank, presented a dividend check for ₹1,838.15 Crore.
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