Annual Report 2007-2008 of IndusInd Bank Limited

It is a broadly described annual report of IndusInd Bank Limited in the year of 2007-2008. During the financial year, The Bank’s Total Deposits Rs. 19037.42 Crores. The Operating Profit (before depreciation and provisions and contingencies) during the year under review improved to Rs. 236.35 Crores as against Rs. 205.67 Crores in the previous year. The Bank’s Net Profit, after considering necessary provisions and contingencies and all expenses, was higher at Rs. 75.05 Crores as against Rs. 68.22 Crores in the previous year, an increase of 10.01%. As at 31^st March 2008, the paid up 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 2008, i.e., Re.0.60 per equity share of Rs.10/- each.

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