Annual Report 2010-2011 of IndusInd Bank Limited

It is a broadly described annual report of IndusInd Bank Limited in the year of 2010-2011. During the financial year, The Bank’s Total Income grew by 31.98% to Rs. 4,303.02 Crores from Rs. 3,260.47 Crores last year. Net Interest Income improved by 55.29% to Rs. 1,376.49 Crores from Rs. 886.41 Crores while the Non-Interest Income rose to Rs. 713.66 Crores from Rs. 553.48 Crores, a rise of 28.94%. Operating Profit during the year under review rose by 52.46% to Rs. 1,142.22 Crores, from the level of Rs. 749.19 Crores in the previous year. The Bank’s Net Profit, after considering necessary provisions and contingencies and all expenses, was higher by 64.80% at Rs. 577.32 Crores as against Rs. 350.31 Crores in the previous year. The Earning per Share (EPS) of the Bank has risen to Rs. 13.16 during the year 2010-11 from Rs. 9.01 in the previous year.

The Board of Directors of the bank has recommended a dividend of Rs. 2.00 per equity share of Rs. 10/- each for the year ended 31^st March 2011.

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