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This Article is From Aug 01, 2014

Canara Bank, OBC Pay Final Dividend to Government for 2013-14

Two public sector lenders Canara Bank and Oriental Bank of Commerce (OBC) have paid final dividend for 2013-14 to the government, which is the majority stakeholder in these entities.

Bangalore-based Canara Bank paid a final dividend of Rs 143.22 crore to the government, the bank said in a statement.

The dividend cheque was presented by the bank chairman to the Finance Minister Arun Jaitley here yesterday.

With the payment of final dividend, the bank has paid total dividend of Rs 350.09 crore to government.

OBC has paid a final dividend of Rs 63.83 crore for financial year ended March 2014.

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