J&K Bank today said it has paid Rs 86.35 crore to the Jammu and Kashmir state government as dividend for financial year 2011-12.
"J&K Bank Chairman and CEO Mustaq Ahmad presented two cheques for Rs 86.35 crore to Chief Minister Omar Adbullah on account of the 74th dividend to the state government for the financial year 2011-12," the bank said in a statement.
The J&K government holds 53% in the bank.
"The dividend, at 335% for the FY 2011-12, is the highest ever dividend paid by the bank so far," it said.
The state government has received a total dividend income of Rs 457.24 crore on its investment since 1938, it added.
Shares of the bank closed 0.31% higher at Rs 1,320.20 apiece on the BSE.
