Annual Report 2008-2009 of IndusInd Bank Limited

It is a broadly described annual report of IndusInd Bank Limited in the year of 2008-2009. During the financial year, The Bank’s Total Income grew by 26.97% to Rs. 2765.73 Crores from Rs. 2178.24 Crores. Total Deposits of the Bank for the year 2009 stood at Rs. 22110.25 Crores. The Operating Profit (before depreciation and provisions and contingencies) during the year under review improved to Rs. 412.42 Crores as against Rs. 236.35 Crores in the previous year, a rise of 74.50%. The Bank’s Net Profit, after considering necessary provisions and contingencies and all expenses, was higher by 97.65% at Rs. 148.34 Crores as against Rs. 75.05 Crores in the previous year. The Earning per Share (EPS) of the Bank has risen to Rs. 4.28 during the year 2008-09 from Rs. 2.35 in the previous year.

The Board of Directors of the bank has recommended a dividend of Rs. 1.20 per equity share of Rs.10/- each for the year ended 31^st March 2009.

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