The Board of Directors of The South Indian Bank Limited has recommended a dividend of INR 0.40 per equity shares of face value of INR 1 each for the financial year ended March 31, 2017 against INR 0.50 per equity share paid a year ago, subject to the approval of the shareholders of the Bank. The dividend, if approved by the shareholder at the upcoming Annual General Meeting (AGM), will be paid within 30 days from the date of AGM.