INDIAN BANK - Board recommends Dividend

Indian Bank has informed BSE that the Board of Directors of the Company at its meeting held on May 14, 2015, inter alia, recommended payment of dividend of Rs. 4.20 (42%) per Equity Share of face value of Rs. 10/- each for the year 2014-15, subject to declaration of the same by the shareholders of the Bank in the ensuing Annual General Meeting. The equity dividend, if declared at the ensuing Annual General Meeting, will be paid within 30 days from the date of the Annual General Meeting.