MUMBAI: Country's second largest public sector lender Punjab National Bank today declared a dividend 130 per cent for the financial year ended March 31, 2008.
The shareholders at their Annual General Meeting has declared an annual dividend at the rate of 130 per cent at the rate of Rs 13 per share, on every Rs 10 share held, PNB said in a filing to the Bombay Stock Exchange.
For the financial year ended March 31, the bank had reported a 35 per cent growth in consolidated net profit at Rs 2,203.09 crore, while the total income rose to Rs 16,653.72 crore, from Rs 13187.40 crore in FY'07.
In the first quarter ended June 30, PNB announced a 21 per cent growth in net profit at Rs 512.40 crore, while the total income was at Rs 4594.62 crore.
Shares of PNB closed at Rs 491.40, up 1.62 per cent on the BSE.
thanks to :- economictimes.indiatimes.com
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