South Indian Bank Ltd. has informed that the Board of Directors of the Bank at its meeting held on May 11, 2016 has recommended a dividend of INR 0.50 value of INR 1 each (previous year: INR 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.