Bank Of India has informed the Exchange about Copy of Newspaper Publication
BANKINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bank of India has published newspaper notices informing shareholders about the recommended dividend of Rs. 4.65 per equity share (46.50% on face value of Rs. 10) for FY 2025-26. The dividend is subject to shareholder approval at the 30th Annual General Meeting. The record date for determining eligible shareholders is 29th May 2026. Under the Income Tax Act 1961 (as amended by Finance Act 2020), the Bank is required to deduct TDS on the dividend before payment. Shareholders must submit required documents/forms to the Bank or RTA (Bigshare Services) by 8th June 2026. TDS rates depend on shareholder residential status and submitted documents.
Shareholders holding shares as of the record date (29 May 2026) will receive the dividend net of applicable TDS. The TDS deduction is a standard compliance requirement and does not affect the approved dividend amount; however, shareholders who submit valid documents (e.g., Form 15G/15H for lower/no deduction) can optimise their tax outflow.