GBIME 10% cash dividend, that's around 4% dividend yield at CMP. Many banks are giving out cash dividend for last fiscal, so far NCCB and Sanima have also come up with decent cash dividend announcements.

What implication will the merger have on the tax deduction on this dividend if any? Will the dividends be tax exempted?

GBIME 10% cash dividend, that’s around 4% dividend yield at CMP. Many banks are giving out cash dividend for last fiscal, so far NCCB and Sanima have also come up with decent cash dividend announcements.