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Indian Bank has paid Rs 165.62 crore as dividend to govt

Indian Bank, for the financial year 2014-15 has paid a dividend of Rs 165.62 crore to the Government.

The bank said in a statement that Mahesh Kumar Jain, Indian Bank’s Managing Director and CEO (Additional Charge) presented the cheque to Finance Minister Arun Jaitely in New Delhi.

In bank’s equity share capital, the Centre holds 82.10 percent.

Indian Bank had reported a 4 percent hike in its net profit at Rs 215.28 crore for the first quarter ended June 30 last week.

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