Annual Report 2011-2012 of Laxmi Vilas Bank

It is a broadly described annual report of Laxmi Vilas Bank in the year of 2011-2012. During the financial year, The Bank’s total business of Rs. 24302.82 Crores in FY 2011-2012 a growth of 26% over Rs. 19243.96 Crores in FY 2010-2011. Deposits grew 27%, from Rs. 11149.51 Crores as at 31^st March 2011 to Rs. 14114.14 Crores as at 31^st March 2012, and total advances expanded by 26%, from Rs. 8094.42 Crores to Rs. 10188.68 Crores in FY 2011-2012. The Bank posted an operating profit of Rs. 235.44 Crores in FY 2011-2012 against Rs. 273.86 Crores in the previous year FY 2010-2011. The net profit for the year, after provisions and taxes, rose to Rs. 107.02 Crores as against Rs. 101.14 Crores recorded in 2010-2011 registering a growth of 6%. Earnings per Share was sustained at Rs. 10.97 for the year ended 31^st March 2012 against Rs. 10.37 for the previous year.

The Board of Directors of the bank was pleased to recommend a dividend of Rs. 3.50 (@35%) per share for the year ended 31^st March 2012 as against Rs. 2.50 (@25%) per share for the previous year ended 31^st March 2011.

More Annual Report of Laxmi Vilas Bank: