South Indian Bank has informed that the Board of Directors of the Bank at its meeting held on May 11, 2016, has recommended a dividend of Re 0.50 value of Re 1 each (Previous Year Re 0.60 per equity share) for the financial year ended March 31, 2016, subject to the approval of the shareholders of the Bank. The dividend, if approved by the shareholder at the ensuing Annual General Meeting (AGM), will be paid within 30 days from the date of AGM.
The above information is a part of company’s filings submitted to BSE.
