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HDFC Bank Announces 1950% Dividend From Net Profits of FY24, Fixes Record Date – Prime Time News24


HDFC Financial institution has declared dividend for FY24.

The document date for figuring out the eligibility of members entitled to obtain dividend on fairness shares is Friday, Could 10, 2023

HDFC Financial institution, India’s largest personal sector lender, on Saturday declared a dividend of Rs 19.50 per fairness share, or 1,950 per cent, for the monetary 12 months 2023-24. It’s larger than the Rs 19 dividend introduced within the earlier 12 months 2022-23 and the Rs 15.5 introduced in 2021-22.

Additionally Learn: HDFC Financial institution This fall Outcomes: Internet Revenue Jumps 37% YoY To Rs 16,511 Crore, NII Up 24%

The document date for figuring out the eligibility of members entitled to obtain dividend on fairness shares is Friday, Could 10, 2023.

“The board of administrators, at its assembly held as we speak, has beneficial a dividend of Rs 19.50 per fairness share of Re 1 every absolutely paid up (i.e. 1,950 per cent) out of the online income for the 12 months ended March 31, 2024, topic to the approval of the shareholders on the ensuing annual basic assembly of the financial institution,” HDFC Financial institution stated in a regulatory submitting.

It added that the dividend, if accredited by the shareholders of the financial institution, shall 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 Restricted and Central Depository Providers (India) Restricted as on the shut of enterprise hours on Friday, Could 10, 2024, 2024.

HDFC Financial institution on Saturday reported a 37.05 per cent soar in its standalone internet revenue to Rs 16,511.85 crore for January-March 2024 (This fall FY24). Its internet curiosity revenue (curiosity earned much less curiosity expended) throughout the quarter ended March 31, 2024, grew 24.51 per cent to Rs 29,076.82 crore, from Rs 23,351.83 crore a 12 months in the past, in response to a BSE submitting.

For the complete 12 months 2023-24, Its internet revenue stood at Rs 60,810 crore, which is 37.9 per cent larger as in contrast with that within the year-ago interval.

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