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Andhra Bank recommends dividend for fiscal 2015-2016

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Andhra Bank recommends dividend for fiscal 2015-2016

Andhra Bankrecommended a dividend of 50 paise per share for fiscal 2015-2016, down from 2 rupeesper share in the prior fiscal year.

The bank's board recommended the dividend May 7.

The recommended dividend is payable July 26 to shareholders ofrecord as of July 14, according to a May 9 release.

As of May 10, US$1 wasequivalent to 66.58 Indian rupees.