Page 20 - Dividend

Everything you want to know about IDBI Bank

Consultation with the RBI is on to check how many technical bidders are 'fit and proper'. In the next stage, financial bids will be called and IDBI Bank will open up the virtual data room for bidders

SBI presents dividend cheque of Rs 5,740 crore to Finance Minister

State Bank of India (SBI) on Friday paid a dividend of Rs 5,740 crore for the financial year 2022-23 to Finance Minister Nirmala Sitharaman. The dividend cheque was presented by SBI chairman Dinesh Kumar Khara in the presence of Financial Services Secretary Vivek Joshi. "Smt @nsitharaman receives a dividend cheque of Rs 5,740 crore for FY 2022-23, which is the highest-ever dividend given by State Bank of India to Govt of India for a financial year, from Shri Dinesh Kumar Khara, Chairman -@TheOfficialSBI. Secretary - @DFS_India Shri Vivek Joshi is also present on the occasion," the finance minister's office said in a tweet. SBI had declared a dividend of Rs 11.30 per equity share (1,130 per cent) for the financial year ended March 31, 2023. For the full 2022-23, SBI's net profit increased 59 per cent to Rs 50,232.45 crore. The profit in the 2021-22 fiscal was Rs 31,675.98 crore.

Top headlines: Govt to get Rs 63K cr dividend, Go First may resume ops

Business Standard brings you the top headlines at this hour

L&T Finance Holdings declares final dividend of Rs 2 per share; stock falls

Shares of L&T Finance Holdings fell over 1 per cent at Rs 105.60 on BSE

Dividend by top 10 payers more than doubles in FY23; TCS tops the table

The 10 biggest payers together shelled out Rs 2.06 trillion for FY23, more than double the Rs 98,371 crore for FY22

India's fiscal deficit target of 5.9% for FY24 at risk, warns Nomura

A notable increase in RBI's income, which was driven by profits from foreign exchange sales amounting to Rs 1 trillion, reflects active intervention in the foreign exchange market

India Inc's dividend payout rises 26% to Rs 3.26 trillion in 2022-23

The dividend per share recommended by the top three corporations was more than double that of the previous year, with TCS again at the top of the list

Top Headlines: Govt's dividend from PSBs, Meesho hints at IPO in '25 & more

Business Standard brings you top news at this hour

Grasim Industries Q4 results: Net profit falls 91% to Rs 93.51 crore

The company declared a dividend of Rs 10 per share

Kirloskar Industries announces dividend of Rs 11 per share for FY23

Kirloskar Industries announced dividend, increase in equity share capital and future plans approved by the company's board

Vedanta announces dividend worth Rs 6,877 cr, Rs 18.5 per equity share

The board has approved the first interim dividend of Rs 18.50 per equity share which is 1850% on face value of Re 1/- per share for the Financial Year 2023-24

Container Corporation of India announces FY23 dividend of Rs 2 per share

Concor's Q4 profit after tax (PAT) came in at Rs 278.5 crore, with operations revenue of Rs 2,166 crore

Reliance Chemotax board to meet on May 26, decide on dividend for FY23

The directors will also consider and deliberate on the audited financial results of the company for the March quarter of the previous financial year

LIC Housing Finance Q4 result: PAT up 5% to Rs 1,180 cr, dividend declared

LIC Housing Finance reported a jump of 5.5% in its consolidated net profit, which came in at Rs 1,180.3 crore, as against Rs 1,118.6 crore in the corresponding period of the previous year

RBI board expected to consider dividend payout to government on Friday

The government has budgeted to receive a total Rs 580 crore from the RBI and other financial institutions it holds stakes in

Tata Motors Q4 results: Net profit at Rs 5,407 crore, dividend declared

Tata Motors Q4 results: In Q4FY23 the revenue of Jaguar Land Rover (JLR) were up 49%

Vedanta Q4 results: Net profit falls 68% to Rs 1,881 cr, revenue down 5.4%

In FY23, it reported an all-time high consolidated revenue of Rs 1.4 trillion, up 11% YoY

TCS, HZL, CIL boost India Inc's dividend payout to record Rs 2.3 trillion

RIL, ONGC, SBI among key firms that are yet to declare final dividend for FY23

HSBC Holdings' shareholders dismiss call for strategy, dividend switch

About a fifth of voting investors backed the call for HSBC to report regularly on the possibility of carving out its Asian unit, while 19.2% supported lifting its dividend to its pre-pandemic level

Equitas Small Finance Bank Q4 results: Net profit rises 58% to Rs 190 crore

Equitas Small Finance Bank board approves dividend of Rs 1 per share