Annual Report 2010-2011 of Axis Bank

It is a broadly described annual report of Axis Bank in the year of 2010-2011. During the financial year, The Bank’s total income increased 26.97% to reach Rs. 19,786.94 Crores during 2010- 11, compared to Rs. 15,583.80 Crores last year. Operating revenue during this period increased 25.08% to Rs. 11,195.12 Crores while operating profit increased by 22.42% to Rs. 6,415.69 Crores. The Bank earned a net profit of Rs. 3,388.49 Crores for the year ended 31^st March 2011, rising 34.76% over the net profit of Rs. 2,514.53 Crores in the previous year. Basic Earnings per Share (EPS) rose to Rs. 82.95 from Rs. 65.78 last year, while the Diluted Earnings per Share was Rs. 81.61 compared to Rs. 64.31 last year. The total assets of the Bank were Rs. 242,713 Crores, rising 34.36% from Rs. 180,648 Crores last year. As on 31^st March 2011, total deposits stood at Rs. 189,238 Crores against Rs. 141,300 Crores last year, a growth of 33.93%. The paid-up capital of the Bank as on 31^st March 2011 rose to Rs. 410.55 Crores from Rs. 405.17 Crores as on 31^st March 2010.

The Board of Directors of the bank has recommended a higher dividend of Rs. 14.00 per equity share, compared to Rs. 12.00 per equity share declared for 2009-10.

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