Annual Report 2006-2007 of IndusInd Bank Limited

It is a broadly described annual report of IndusInd Bank Limited in the year of 2006-2007. During the financial year, The Bank’s Total Deposits Rs. 17644.80 Crores. Operating Profit (before depreciation and provisions and contingencies) Rs. 205.67 Crores. The Bank’s Net Profit after considering necessary provisions and contingencies and all expenses were higher at Rs. 68.22 Crores as against Rs. 36.82 Crores previous year (an increase of 85.28%) on account of lower provisions and contingencies in the current year as against previous year. As at 31^st March 2007, the paid-up share capital and share premium account under reserves of the Bank stand increased by Rs. 29.49 Crores and Rs. 116.47 Crores respectively. As at 31^st March 2007, the equity capital of the Bank consisted of 31,98,07,936 shares of Rs.10/- each

The Board of Directors of the bank has recommended a dividend of @6% for the year ended 31^st March 2007, i.e., Re. 0.60 per equity share of Rs.10/- each.

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