Oriental Bank of Commerce has informed that the Board of Directors of the Company at its meeting held on May 11, 2016, has recommended a dividend at Rs 0.70 per share (face value of each share being Rs 10 only) i.e. 7% of the paid-up capital of the Bank for the financial year ended March 31, 2016. The dividend declaration is subject to shareholders’ approval at the Annual General Meeting of the Bank. Accordingly, the date of payment of dividend shall be intimated which shall however be within 30 days from the date of declaration of dividend as per the guidelines. The meeting of the Board of Directors commenced at 10.00 a.m. and concluded at 11:45 p.m.
The above information is a part of company’s filings submitted to BSE.
