Annual Report 2009-2010 of Axis Bank

It is a broadly described annual report of Axis Bank in the year of 2009-2010. During the financial year, The Bank earned a net profit of Rs. 2,514.53 Crores (38.51% higher than the net profit of Rs. 1,815.36 Crores last year), Basic Earnings per Share (EPS) of Rs. 65.78 (29.97% higher than the EPS of Rs. 50.61 in 2008-09) and a Return on Equity (ROE) of 19.89% compared to 19.93% last year. In 2009-10, the total income of the bank was Rs. 15,583.80 Crores, increasing by Rs. 1,851.44 Crores or 13.48% over last year. During the period the operating revenue rose 35.96% to Rs. 8,950.27 Crores, while operating profit increased by 40.69% to Rs. 5,240.55 Crores. The Net Interest Income grew by Rs. 1,318.28 Crores to Rs. 5,004.49 Crores, rising 35.76%. The paid-up capital of the Bank as on 31^st March 2010 rose to Rs. 405.17 Crores from Rs. 359.01 Crores as on 31^st March 2009.

The Board of Directors of the bank has recommended a higher dividend of Rs. 12.00 per share on equity shares, compared to Rs. 10.00 per share declared for the last year.

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