Bank of Baroda pays dividend to government

Mumbai: P S Shenoy, chairman & managing director of Bank of Baroda presented a cheque of Rs 68.60 crore today in New Delhi to the finance minister, P Chidambaram being the Government share towards the final dividend @ 35 per cent.

Bank of Baroda has already given Rs 58.80 crore as an interim dividend to the government of India. The total dividend paid by the bank for the year 2003-04 is Rs 127.40 crore which is 65 per cent on the government holding of equity capital of Rs 196 crore.