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The board of Indian Bank has recommended payment of dividend of Rs 1.50 (15 percent) per equity share of face value of Rs 10 each for 2015-16.
The bank has said in a BSE filing that ” The Board of Directors of the bank has recommended for payment of dividend of Rs 1.50 (15 percent) per equity share of face value of Rs 10 each for the year 2015-16, subject to declaration of the same by the shareholders of the Bank in the Annual General Meeting and that the dividend, if declared will be paid within 30 days from the date of the AGM.”
