Annual Report 2004-2005 of Axis Bank

It is a broadly described annual report of Axis Bank in the year of 2004-2005. During the financial year, The Bank’s Net interest income increased by 26.70% to Rs. 731.18 Crores from Rs. 577.09 Crores in 2003-04. Other income comprising trading profit, fee and miscellaneous income decreased by 23.02% from Rs. 540.15 Crores during 2003-04 to Rs. 415.82 Crores during 2004-05. The operating revenue of the Bank increased by 2.66% from Rs. 1,117.24 Crores in the previous year to Rs. 1,147.00 Crores in 2004-05. The Bank’s basic earnings per share increased from Rs. 12.06 to Rs. 14.32 per share, while diluted earnings were Rs. 14.06 in 2004-05 as compared to Rs. 11.92 per share in 2003-04. The paid-up capital of the Bank as on 31^st March 2005 thereby rose to Rs. 273.80 Crores, as compared to Rs. 231.58 Crores as on 31^st March 2004.

The Board of Directors of the bank has recommended a higher dividend rate of @28% on equity shares, compared to the @25% dividend declared for the previous financial year.

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