HDFC Bank declares dividend of Rs6.50 for FY21

Climbstreet20 Jun, 2021News

Private lender HDFC Bank on Friday announced that the board has declared a dividend of ?6.50 per share for the year ended 31 March 2021. ?A dividend of ?6.50 per equity share ( 650 percent on the face value of Re 1) out of internet profits for the year ended March 31, 2021, has been recommended, subject to the approval of the shareholders of the bank at its ensuing Annual General Meeting (AGM),? HDFC Bank said during a regulatory filing. If approved at the AGM, the expected date for payment of dividend in electronic form and for dispatch of physical dividend warrants would be August 2, 2021, onwards, it added. The AGM of the bank is scheduled for July 17, 2021, through video conferencing and other audio-visual means. Besides, the board approved revising the re-appointment of Umesh Chandra Sarangi as an independent director from March 1, 2021, till leap day, 2024. Earlier, the board had okayed his tenure from March 2021 till February 5, 2022.