Bank of Rajasthan to issue bonus shares

August 4th, 2008 - 3:51 pm ICT by IANS  

New Delhi, Aug 4 (IANS) Bank of Rajasthan will issue over 26.8 million bonus shares in the ratio of one bonus share for every five shares held, the company announced Monday. In a regulatory statement, the bank also said it has posted a net profit of Rs.309 billion in the first quarter of the current fiscal.

Additionally, it has declared a dividend of 5 percent for the year ended March 31.

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