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Federal Bank ups fiscal 2017-2018 dividend

Federal Bank Ltd. raised its dividend for the fiscal year ended March 31.

The company recommended a final dividend of 1 Indian rupee per share for the full fiscal year, up from the prior fiscal year's dividend of 90 paise per share

The dividend is subject to shareholder approval at the bank's annual general meeting.

As of May 9, US$1 was equivalent to 67.31 Indian rupees.