HDFC Financial institution on Saturday declared a 1,550%, or 15.50 per share dividend, to its shareholders for the monetary 12 months 2021-22.
The board, at its assembly, has beneficial a dividend of ₹15.50 per fairness share of ₹1 [1,550%] out of the web earnings for the 12 months ended March 31, 2022, HDFC Financial institution stated in a regulatory submitting.
That is topic to the approval of the shareholders on the ensuing Annual Basic Assembly, the lender stated.
The report date for figuring out the eligibility of members entitled to obtain dividend on fairness shares is Could 13, 2022, HDFC Financial institution stated.
On Saturday final, the nation’s largest personal sector lender HDFC Financial institution reported a 23% soar in standalone web revenue to ₹10,055.20 crore for the March quarter, led by development in mortgage demand throughout classes and decrease provisioning as unhealthy loans have been trimmed.
The financial institution’s web revenue through the corresponding interval of the earlier fiscal stood at ₹8,186.51 crore.
In a shock announcement earlier this month, the financial institution stated its father or mother firm HDFC Ltd. could be merged into HDFC Financial institution in about 18 months and the mixed steadiness sheet will attain ₹17.87 lakh crore.