While Union Bank of India (UBI) has already declared an interim dividend, Dena Bank is going to hold a meeting of its board members to consider declaration of interim dividend for the fiscal year 2013-14.

In a recent filing to the Bombay Stock Exchange (BSE), Dena Bank said that its board members would hold a meeting on January 11, 2014, to take a decision on interim dividend.

On Wednesday, UBI declared an interim dividend of 27 per cent or Rs 2.70 a share, for the fiscal year 2013-14. Apart from Dena Bank, many other public- sector banks are going to hold board meetings in the next couple of weeks to declare interim dividend.

While Chennai-based Indian Bank will hold board meeting on January 10, Allahabad Bank and OBC will hold their board meetings on January 11. Indian Overseas Bank and IDBI Bank will do the same on January 13.

Public banks are under pressure from the government to pay interim dividend, which will help hard pressed government to meet its fiscal deficit target. Dividend payments will allows the government to pocket much-required funds as it is the majority shareholder in public-sector banks.

In the last financial year, twenty-one public-sector banks paid a combined interim dividend of Rs 6,803.63 crore.