Annual Report 2009-2010 of IndusInd Bank Limited

It is a broadly described annual report of IndusInd Bank Limited in the year of 2009-2010. During the financial year, The Bank’s Total Income grew by 17.89% to Rs. 3,260.47 Crores from Rs. 2,765.73 Crores. Net Interest Income improved by 93.10% to Rs. 886.41 Crores from Rs. 459.03 Crores while the Non-Interest Income rose to Rs. 553.48 Crores from Rs. 456.25 Crores, a rise of 21.31%. The Operating Profit during the year under review rose by 81.66% to Rs. 749.19 Crores, as against Rs. 412.42 Crores in the previous year. The Bank’s Net Profit, after considering necessary provisions and contingencies and all expenses, was higher by 136.16% at Rs. 350.31 Crores as against Rs. 148.34 Crores in the previous year. The Earning per Share (EPS) of the Bank has risen to Rs. 9.01 during the year 2009-10 from Rs. 4.28 in the previous year.

The Board of Directors of the bank has recommended the dividend of Rs. 1.80 per equity share of Rs. 10/- each for the year ended 31^st March 2010.

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