HDFC Bank Dividend: There is sweet information for the shareholders of HDFC Bank within the personal sector. If you even have shares of HDFC Bank, then cash goes to return in your account quickly. Yes… the financial institution has introduced dividend to its buyers. HDFC Bank on Saturday introduced a dividend of Rs 15.50 per share to its shareholders for the monetary 12 months 2021-22.

Bank issued assertion
HDFC Bank has mentioned in an announcement that its board of administrators has advisable a dividend of Rs 15.50 on one rupee share out of the web revenue for the monetary 12 months ended March 31, 2022. This resolution is topic to the approval of the shareholders on the ensuing Annual General Meeting.

Decision will likely be taken on May 13
Let us inform you that the date for figuring out the eligibility of members entitled to obtain dividend on fairness shares has been stored as May 13, 2022.

Net revenue up 23%
HDFC Bank, the nation’s largest personal sector lender, reported a 23 per cent bounce in internet revenue at Rs 10,055.20 crore for the March quarter on a standalone foundation. Earlier this month the merger of its mum or dad firm HDFC Ltd with HDFC Bank was introduced.

What is Merger Ratio
Let us inform you that lately there was a merger of HDFC-HDFC Bank. Under this merger, HDFC has determined to take 41 % stake in HDFC Bank by transformational merger. HDFC Bank mentioned this within the data given to the inventory change.

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