Indian Bank handed over Rs 1,616.14 crore dividend cheque to Finance Minister
For the financial year 2024-25, Indian Bank declared a dividend of Rs. 16.25 per share which reflects its robust financial performance.
Indian Bank handed over Rs 1,616.14 crore dividend cheque to Finance Minister
New Delhi: State-owned Indian Bank has declared that its MD & CEO Shri Binod Kumar handed over a dividend cheque of Rs. 1616.14 Crore for the financial year 2024-25 to Hon'ble Union Minister of Finance and Corporate Affairs Smt Nirmala Sitharaman in the presence of Shri M Nagaraju I.A.S, (Secretary, Department of Financial Services), Dr Alok Pande, (Additional Secretary & Govt. Nominee Director of the Bank) and Shri Ashish Madhaorao More I.A.S. (Joint Secretary, Department of Financial Services).
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Shri Binod Kumar was accompanied by Shri Ashutosh Choudhury (Executive Director, Indian Bank) and Shri Sunil Jain (Chief Financial Officer, Indian Bank).
For the financial year 2024-25, Indian Bank declared a dividend of Rs.16.25 per share which reflects its robust financial performance.
Read Also : ACC approves two officials to post of Secretary in Different MinistryThe dividend yield translated as 4.39%. As of the 9th July, the share price of public sector bank is Rs 644.15. Last Year, the bank gave Rs 28.25 for the full financial year.
The dividend payout highlights Indian Bank's strong financial performance and its ongoing dedication to creating long-term value for all stakeholders, including the Government of India.
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