Annual Report 2004-2005 of IndusInd Bank Limited

It is a broadly described annual report of IndusInd Bank Limited in the year of 2004-2005. During the financial year, The Bank’s total deposits as on 31^st March 2005 aggregated Rs. 13,114 Crores registering a growth of 17% over the level of deposits as on 31^st March 2004. Operating Profit (before depreciation and provisions and contingencies) Rs. 446.10 Crores. The Bank’s Net Profit for the year Rs. 210.14 Crores. As at 31^st March 2004, the equity capital of the Bank consisted of 22,02,26,983 shares of Rs. 10/- each. Accordingly, as on 31^st March 2005, the paid up capital of the Bank consisted of 29,03,17,636 equity shares of Rs. 10/- each.

The Board of Directors of the bank has recommended a dividend of @18%, for the year ended 31^st March 2005.

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