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BoR gets approval for 1:5 bonus share & 5% dividend

This article was posted on Aug 4, 2008 and is filed under Press Releases

The Bank of Rajasthan Ltd., one of the leading private sector tech savvy banks in the country, has received shareholders nod at the 65th Annual General Meeting held today at Udaipur for issue of bonus share in the ratio of 1:5(One share for every Five share held) and payment of dividend @ 5% for the year ended 31.3.2008.

Shareholders have also approved the re-appointment of Mr. P N Bhandari, Mr. Magh Raj Calla, Mr. K N Bhandari and Mr. Sunil Behari Mathur as directors of the bank. Addition to this the bank also gets approval for fresh appointment of Mr. Nitin Narotamdas Goel, Mr. Dharinder Kumar Tayal and Mr. Salil Kapoor as directors of the bank, subject to RBI approval. All the resolutions were passed unanimously.

For Q1 result of the current fiscal (2008-09) bank has earned net profit of Rs. 30.92 crore. Net NPAs are down to 0.42% from 0.67% for the said period on Y-o-Y basis. In the past few years bank has made a consistent performance in growth.

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