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Canara Bank board recommends dividend

08 May 2017 Evaluate

Canara Bank has informed that the Board of Directors of the Bank at its meeting held on May 08, 2017, has sought permission from RBI to declare minimum dividend for the year 2016-17 as per the RBI guidelines. Pending RBI approval, the Board has recommended payment of Dividend of Rs 1.00 (10%) per Equity Share of face value of Rs 10 each for the year 2016-17 subject to the approval of the shareholders in the ensuing Annual General Meeting.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
State Bank Of India 957.00
PNB 120.35
Bank Of Baroda 231.00
Canara Bank 116.40
Union Bank Of India 178.50
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