StockWatch
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Private Sector Bank
Dividend6 May 2026, 02:11 pm

South Indian Bank Recommends ₹0.45 Dividend for FY26

AI Summary

South Indian Bank Ltd's board approved and took on record the audited financial results (standalone and consolidated) for the quarter/financial year ended March 31, 2026. The board recommended a dividend of ₹0.45 per equity share of face value of Re.1/- each (45%) for the financial year ended March 31, 2026, subject to shareholder approval. This is an increase from the previous year's dividend of ₹0.40 per share (40%). The board meeting commenced at 11:45 a.m. and the results were approved at 01.45 p.m.

Key Highlights

  • South Indian Bank approved audited financial results for FY26.
  • A dividend of ₹0.45 per share (45%) was recommended for FY26.
  • FY26 dividend is higher than the previous year's ₹0.40 per share (40%).
  • Joint Statutory Auditors gave an unmodified opinion on the results.