Annual Report 2008-2009 of Axis Bank

It is a broadly described annual report of Axis Bank in the year of 2008-2009. During the financial year, the total income of the Bank increased by 56.04% to Rs. 13,732.36 Crores from Rs. 8,800.80 Crores in the previous year. Other income, comprising fees, trading profits and miscellaneous income also showed impressive growth, increasing by 61.34% to Rs. 2,896.88 Crores in 2008-09 from Rs. 1,795.49 Crores in the previous year. During the year, the operating revenue of the Bank increased by 50.27% to Rs. 6,583.09 Crores from Rs. 4,380.84 Crores in the previous year. The bank earning a net profit of Rs. 1,815.36 Crores for the financial year 2008-09 against Rs. 1,071.03 Crores in the previous year. In 2008-09, the operating profit of the Bank increased by 67.34% to Rs. 3,724.88 Crores from Rs. 2,225.92 Crores in the previous year. Basic earnings per share have increased by 57.42% to Rs. 50.61 per share from Rs. 32.15 per share in the previous year, Diluted earnings per share (EPS) was Rs. 50.27 per share, up 60.56% from Rs. 31.31 per share in the previous year.

The Board of Directors has recommended a higher dividend of Rs. 10.00 per share on equity shares, compared to Rs. 6.00 per share declared for 2007-08.

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