Indian Bank decides to annul dividend proposed for FY18
Chennai, June 28 : Public sector Indian Bank on Thursday said the Board of Directors have decided to annul their earlier decision to declare dividend at Rs 6 per equity share as it has not provided fully for the mark-to-market (MTM) loss.
In a regulatory filing in BSE, Indian Bank said the Reserve Bank of India (RBI) has informed that the bank can declare dividend after fully providing for MTM loss.
The RBI also said dividend can be declared only after fully providing for gratuity and any other provisions staggered in terms of dispensation provided by it to all the banks.
Indian Bank said the Board of Directors a7lso decided to withdraw the second item from the agenda of the notice convening the annual general meeting.
According to Indian Bank, the RBI circulars in April had given it the option of spreading the MTM loss over four quarters commencing with the quarter in which the loss was incurred and the additional liability due to enhanced gratuity over four quarters beginning with the quarter ended March 31.
It said it had exercised the options during the quarter ended March 31 and deferred the gratuity expenditure of Rs 24.33 crore to subsequent three quarters and also spread the MTM losses of total Rs 547.01 crore to subsequent quarters (after providing for December 2017 and March 2018).
When the matter was taken up with the appropriate authorities and sought permission for declaration of dividend, the RBI advised not to pay dividend.
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Belagavi: Man attacks nurse inside hospital, caught on camera
Belagavi (Karnataka), Nov 28: A CCTV footage of a nurse being attacked by a man inside a private hospital in Karnataka went viral on social media platforms on Thursday.
The incident, reported to have occurred on October 30, was captured on CCTV camera of the hospital in which the man who has been identified as Prakash Jadhav was seen attacking the nurse with a machete he was hiding in his bag.
The video clip shows the person entering the hospital and at the reception counter, he caught hold of the nurse and attacked her with the machete for allegedly refusing his romantic advances.
She was treated in the hospital for her injuries, police said, adding that the suspect was arrested in the case.
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According to police, Jadhav was her neigbhour. He had been harassing the nurse for a while, persistently pressuring her to marry him but she rejected her proposal every time.
Upset over repeated rejection, he later approached her father with the proposal but he also rejected his marriage proposal and warned him to stay away from his daughter.
Her father became traumatised and stressed by the incident. Subsequently, he died.
"A case was registered against Prakash Jadhav and he was arrested in connection with the incident," a senior police officer said.
