Annual Report 2001-2002 of Axis Bank

It is a broadly described annual report of Axis Bank in the year of 2001-2002. During the financial year, The Bank’s Capital stood at Rs. 191.88 Crores as on 31^st March 2002. The Bank earned a net profit of Rs. 134.14 Crores for the financial year 2001-02 as against Rs. 86.12 Crores in the previous year, registering a growth of 55.76%. The operating profit was Rs. 446.56 Crores during the year as against Rs. 154.23 Crores in the previous year. During the year, the net interest income went up by 103.06% to Rs. 199.53 Crores, while trading income went up by 355.27% to Rs. 314.09 Crores. During the year, the total income of the Bank was of Rs. 1595.40 Crores as against Rs. 1052.63 Crores in the previous year, an increase of 51.56%. The Diluted Earnings per Share of the Bank has risen to Rs. 9.14 from Rs. 6.47 in the previous year.

The Board of Directors of the bank has recommended a dividend of @20% as against the @15% dividend declared for the financial year 2000-2001.

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