23 Apr 07 South Indian Bank declares dividend

South Indian Bank has informed the Indian stock exchanges that, the Board of directors of South Indian Bank, at their meeting held on April 23, 2007 have recommended a dividend of 25%, which works out to Rs.2.50 per equity share of face value Rs.10 each. The dividend is subject to statutory approval by the shareholders of South Indian Bank at the ensuing AGM. The South Indian Bank stock was down by 1.67% today at Rs. 94 at the closing bell.

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