The board of administrators of HDFC Financial institution on Saturday really helpful a dividend of ₹15.50 per fairness share for the monetary 12 months FY22. HDFC Financial institution board members thought-about and authorized the dividend for FY22, in a gathering held at the moment.
In its regulatory submitting, HDFC Financial institution mentioned, “the Board of Administrators, at its assembly held at the moment, has really helpful a dividend of Rs. 15.50 per fairness share of Re. 1/- every absolutely paid up (i.e.1550 %) out of the online earnings for the 12 months ended March 31, 2022, topic to the approval of the shareholders on the ensuing Annual Basic Assembly (“AGM”) of the Financial institution.”
The financial institution has mounted Could 13 because the report date for figuring out the eligibility of members entitled to obtain a dividend on fairness shares.
If the dividend is authorized by shareholders then the dividend might be paid after the AGM to these shareholders, whose names seem within the Financial institution’s Register of Members/ Register of Helpful House owners maintained by the Depositories viz., Nationwide Securities Depository and Central Depository Companies (India) as on the shut of enterprise hours of Could 13.
HDFC Financial institution posted a standalone web revenue of ₹10,055.2 crore for the quarter ending March 2022 (Q4FY22) interval, rising by a whopping 22.8% yoy. Internet curiosity revenue (NII) in Q4FY22 stood at ₹18,872.7 crore rising by 10.2% yoy.
On Friday, HDFC Financial institution shares completed at ₹1355.45 apiece down by 1.4% on BSE. HDFC Financial institution board nods dividend of ₹15.50 per share for FY22, fixes Could 13 because the report date
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Supply: Live Mint