Standard Chartered’s 50pc Dividend Endorsed

 
Standard Chartered Bank Ltd is distributing 50 per cent dividend to its shareholders. The 27th Annual General Meeting of the Bank held last Tuesday in capital approved the proposal of distributing 40 per cent cash dividend and 10 per cent bonus shares to its shareholders. The Bank posted Rs 1.22 billion net profit in the Fiscal Year 2012-13. According to a press release of the Bank, the net profit is 4.2 per cent higher than the last fiscal year. 
 

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