Of Rs 1.70 per equity share
Indian Bank announced that the Board of Directors of the Bank at its meeting held on 12 May 2014, inter alia, has recommended payment of dividend for the year 2013-14 on the Equity and Perpetual Non-Cumulative Preference Shares of the Bank as detailed below, subject to declaration of the same by the shareholders of the Bank in the ensuing Annual General Meeting:1. Final equity dividend of Rs 1.70 (17%) per equity share of face value of Rs 10 each.
Dividend on Perpetual Non-Cumulative Preference Shares (PNCPS) at 9.00% p.a. for the period from 01 April 2013 to 30 September 2013 and at 8.50% p.a. for the period from 01 October 2013 to 28 February 2014 (i.e.) fill the date of conversion of PNCPS into equity shares.
The final equity dividend, if declared at the ensuing Annual General Meeting, will be paid within 30 days from the date of the Annual General Meeting.
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