Kotak Mahindra Bank board to meet on March 12

Our Bureau Updated - March 08, 2021 at 08:00 PM.

A man exits a Kotak Mahindra Bank Ltd. branch in Mumbai, India, on Wednesday, April 25, 2012. Savings in India rose 13.4 percent in the year through March 23, failing to keep pace with a 17 percent expansion in lending, according to data compiled by Bloomberg. Photographer: Adeel Halim/Bloomberg

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.

Published on March 8, 2021 14:28
Tags