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Notes to financial statements
for the year ended March 31, 2020
36 dIVIdeNd:
the Reserve Bank of India, vide its circular dated April 17, 2020 has directed that Banks shall not make any further dividend payouts from profits pertaining to the financial year ended March 31, 2020 until further instructions, with a view that Banks must conserve capital in an environment of heightened uncertainty caused by CoVID-19. Accordingly, the Board of Directors of the Bank, at their meeting held on May 19, 2020, has not proposed any dividend for the year ended March 31, 2020.
the Bank with the approval of Directors through resolution passed on July 30, 2019 declared an Interim preference Dividend of 5.5% i.e. `0.55 per preference Share of `10 each (within the maximum permissible coupon rate of 11%) amounting to `110,000 (000's) (excluding Dividend Distribution tax) on 200,000,000 11% perpetual non- Cumulative preference Shareholders. For previous year ended March 31, 2019, the Board of Directors declared the First Interim preference Dividend on December 06, 2018 and Second Interim preference Dividend on March 18, 2019 as mentioned below.
Particulars
First Interim preference Dividend of `0.55 (previous year- `0.55) per preference share
(exclusive of dividend distribution tax of `22,611)
Second Interim preference Dividend of `nil (previous year- `0.55) per preference share (exclusive of dividend distribution tax of `22,611)
37 COMPARATIVe fIguRes
(` in 000's)
110,000 110,000
Figures for the previous year have been regrouped and reclassified wherever necessary to conform to the current year presentation.
As per our report of even date
For MSKA & Associates
Chartered Accountants
Firm Registration number: 105047W
Swapnil Kale
partner
Membership no: 117812
Mumbai
May 19, 2020
For and on behalf of Board of directors of Ujjivan Small Finance Bank Limited
280 | AnnuAl RepoRt 2019-20
Nitin Chugh
DIn: 01884659
Managing Director & Ceo
Vandana Viswanathan
DIn: 05192578 Independent Director
Upma Goel
Chief Financial officer
Bengaluru May 19, 2020
Mahadev Lakshminarayanan
DIn: 05003710 Independent Director
nandlal Laxminarayan Sarda
DIn: 00147782 Independent Director
chanchal Kumar
Company Secretary
year ended 31/03/2020
110,000
Year ended 31/03/2019
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