Union Bank pays Rs 98 cr dividend to government

New Delhi, Jun 30 (UNI) The Union Bank of India today paid a dividend of Rs 98 crore to the government, for the 2005-06 fiscal.

The Bank Chairman and Managing Director M V Nair called on Finance Minister P Chidambaram, and presented him with a cheque of Rs 98 crore.

The Bank has declared a dividend of 35 per cent.

Executive Director of the Bank R S Reddy was also present on the occassion.

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