CORPORATION BANK - Board declares Interim Dividend

Corporation Bank has informed BSE that the Board of Directors of the Bank at its meeting held on January 23, 2014, inter alia, has transacted the following:<br/><br/>1. Declared an Interim Dividend of Rs. 4.50/- per equity share of Rs.10/- each for the financial year 2013-14.<br/><br/>2. The interim dividend warrant will be dispatched / the interim dividend amount will be credited to the shareholders accounts through ECS/ NECS/ RTGS etc. on or after January 31, 2014.<br/><br/>3. Further, the Bank got exemption vide Gazette of India notification dated January 15, 2014, under section 53 for section 15 (1) of the Banking Regulation Act, 1949, in so far as treatment of the expenditure on account of one more option for pension for the financial year 2013-14 being treated as unamortised carry forward expenditure, before payment of such dividend for the financial year 2013-14.