New Delhi: Government of India owned Bank of Baroda has announced the record date for payment of dividend for the financial year 2022-23.
Bank of Baroda Dividend Rs 5.50 per share
In a BSE filing, Bank of Baroda said that the board of directors of the bank in its meeting held on May 16, 2023, recommended a dividend at the rate of Rs 5.50 (Rupees five and fifty paise only) per equity share of Rs 2 each. Up, for the financial year ending 31 March 2023.
Bank of Baroda Dividend Payment 2023 Record Date
Bank of Baroda stated that the dividend recommended by the Board of Directors and approved in the 27th Annual General Meeting will be paid as follows:
a) business hours on June 30, 2023 for all beneficial owners in respect of shares held in electronic form as per the data provided by the National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL);
b) to all members in respect of shares held in physical form after giving effect to a valid transfer in respect of transfer requests lodged with the bank/RTA of the bank on or before June 30, 2023;
c) Dividend will be distributed to eligible shareholders within 30 days from the date of 27th Annual General Meeting.
d) Applicable tax on dividend payment will be deducted as per Income Tax guidelines.
Bank of Baroda Q4 Results
Bank of Baroda in May announced that the PSB closed FY23 with a net profit of Rs 14,109.62 crore. The bank in a regulatory filing said for FY23, it had reported a net profit of Rs 14,109.62 crore (FY23 Rs 7,272.28 crore) on a total income of Rs 99,614.38 crore (Rs 81,364.73 crore).
For the period under review, the bank had provided Rs 7,136.90 crore under provisions and contingencies, down from Rs 13,002.41 crore.
Bank of Baroda had gross non-performing assets (GNPA) of Rs 36,763.68 crore and net NPA (NNPA) of Rs 8,384.32 crore as on March 31, 2023, as against GNPA of Rs 54,059.39 crore and NNPA of Rs 13,364.65 crore as on March 31. , 2022.