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The board of directors of Kotak Mahindra Bank will meet on March 12 to consider and approve the declaration and payment of dividend on 1,00,00,00,000 Nos. 8.1 per cent Non-Convertible Perpetual Non-Cumulative Preference Shares, the bank said in a regulatory filing on Monday.
The record date fixed for the purpose of payment of dividend is March 19, it further said.
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