FM receives dividend cheques from Union Bank of India and Vijaya Bank

Finance Minister, Shri P. Chidambaram received, here today a final dividend cheque of Rs. 56 crore from Union Bank of India which was handed over by its Chairman & Managing Director, Shri M.V. Nair. The Government's holding in the Bank is 55.43%.

Shri Chidambaram also received a dividend cheque of Rs. 23.35 crore from Vijaya Bank which was presented by its Chairman & Managing Director, Shri Prakash P. Mallya. With the Interim Dividend of 10% paid earlier, the Bank has rewarded its share-holders with a total Dividend of 20% for the financial year 2006-07.

Source : Press Information Bureau

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