LIC-Owned Bank Declares July 6 As Record Date For Dividend, 1-Yr Return Is 70%

IDBI Bank Ltd on Wednesday declared July 6, 2023 as the record date for payment of dividend of Re 1/- per equity share. IDBI Bank shares witnessed a rally of 70% in last 1-year. In last 3-months, IDBI Bank stock offered 17% return. Life Insurance Corporation of India (LIC) has substantial stake of 48.24% in IDBI Bank. Check details below:

IDBI Bank Announces Record Date For Dividend Payment: As per the BSE filing of IDBI Bank, "the record date to determine members eligible for payment of dividend of Re. 1/- per equity share of face value Rs.10/- each has been fixed as July 06, 2023, subject to the approval at the 19th AGM of the Bank. Kindly acknowledge the receipt and take the above on record."

In terms of Regulation 42 of SEBI (LODR) Regulations, 2015, it is hereby notified that the Register of Members and Share Transfer Books of the Bank will remain closed from Friday, July 07, 2023 to Thursday, July 13, 2023 (both days inclusive) for the purpose of 19th AGM of the Bank to be held on July 13, 2023. Additionally, July 06, 2023 (end of day) has been fixed as the cut-off date for reckoning the voting rights of Members to be exercised either by remote e-voting or by voting at the AGM to be held through VC / OAVM. E-voting period shall commence on Saturday, July 08, 2023 (9.00 a.m. IST) and shall end on Wednesday, July 12, 2023 (5:00 p.m. IST), added the BSE filing of IDBI Bank.

IDBI Bank Stock Performance & Return: Last trading price of IDBI Bank share is Rs 54.82 per share with intraday gain of 0.59%. Its 52-week high price is Rs 62.00 per share and 52-week low price is Rs 30.50 per share, respectively. IDBI Bank shares soared 2% in last 6-months, gave 42% return in last 2-years, and 73% return in last 3-years. IDBI Bank shares fell 5% in last 5-years.

IDBI Bank About: IDBI Bank Ltd today is operating as a full-service universal bank that serves the customers from all segments. On October 1, 2004, the erstwhile IDBI was converted into a banking company - IDBI Ltd. - to undertake the entire gamut of banking activities while continuing to play its secular DFI role. As an universal bank, IDBI Bank Ltd. touches the lives of millions of Indians through a wide array of banking products and services, according to its official website.

Disclaimer: The banking stock fixed record date for dividend payment. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.