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Lakshmi Vilas Bank raises dividend for fiscal 2015-2016

Lakshmi VilasBank Ltd. raised its dividend for the fiscal year ended March 31 to3 rupees per share from 2 rupees per share in the .

The dividend was approved by the bank's board on April 27,according to a May 9 release.

As of May 9, US$1 wasequivalent to 66.63 Indian rupees.