HDFC Bank on Saturday declared a 1550 per cent or 15.50 per share dividend to its shareholders for the monetary 12 months 2021-22.
The board at its assembly has really useful a dividend of Rs 15.50 per fairness share of Re 1 (1550 per cent) out of the online earnings for the 12 months ended March 31, 2022, HDFC Bank stated in a regulatory submitting.
This is topic to the approval of the shareholders on the ensuing Annual General Meeting, it stated.
The file date for figuring out the eligibility of members entitled to obtain dividend on fairness shares is May 13, 2022, it stated.
Last Saturday, the nation’s largest non-public sector lender HDFC Bank reported a 23 per cent bounce in standalone internet revenue to Rs 10,055.20 crore for the March quarter, led by progress in mortgage demand throughout classes and decrease provisioning as dangerous loans have been trimmed.
The financial institution’s internet revenue through the corresponding interval of the earlier fiscal stood at Rs 8,186.51 crore.
In a shock announcement earlier this month, the financial institution stated its guardian firm HDFC Ltd will likely be merged into HDFC Bank in about 18 months and the mixed stability sheet will attain Rs 17.87 lakh crore.
