Bank of India declares dividend

Bank of India has informed the Indian stock exchanges that, the Board of directors of Bank of India, at their meeting held on April 23, 2007 have recommended a final dividend of 15%, which works out to Rs.1.50 per equity share of face value Rs.10 each. The dividend is subject to statutory approval by the shareholders of Bank of India at the ensuing AGM. The Bank of India stock was down by 2.26% today at Rs. 183.75 at the closing bell.