Corp bank pays dividend to government

Corporation Bank Chairman and Managing Director J M Garg  presented a dividend of Rs. 135.30 crore to the Union Finance Minister Pranab Mukherjee at New Delhi being the dividend at the rate of 165 per cent (Rs 16.50 per share), on a paid up equity share of Rs 10 each declared by the Bank.

Corporation Bank Executive Director Asit Pal, Government Nominee Director of the Bank Lalit Kumar, Ministry of Finance Secretary (DFS) R Gopalan were present.