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SIB gets nod for bonus, ESOP and dividend

THRISSUR: The shareholders of South Indian Bank (SIB) have approved the recommendations of bonus issue, employees stock option scheme and dividend of 30 per cent for 2007-08 at the annual general meeting held recently. V. A. Joseph, Chairman and CEO, has indicated in a release that the bank had fixed a total business target of Rs. 30,500 crore and a net profit of Rs. 190 crore for the current financial year.

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