Annual Report 2012-2013 of Laxmi Vilas Bank

It is a broadly described annual report of Laxmi Vilas Bank in the year of 2012-2013. During the financial year, The Bank’s total business of Rs. 27321.78 Crores in FY 2012-2013 a growth of 12.42 % over Rs. 24302.82 Crores in FY 2011-2012. Deposits grew 10.66 %, from Rs. 14,114.14 Crores as at 31^st March 2012 to Rs. 15,618.98 Crores as at 31^st March 2013. The Bank has posted an operating profit of ` 251.15 Crores in FY 2012-2013 as against Rs. 235.44 Crores in the FY 2011-2012 thereby registering a growth of 6.67%. The net profit for the year, after provisions and taxes, amounts to Rs. 91.57 Crores as against Rs. 107.02 Crores recorded in 2011-2012. Earnings per Share stood at Rs. 9.39 for the year ended 31^st March 2013 as compared to Rs. 10.97 as on 31^st March 2012.

The Board of Directors of the bank was pleased to recommend a dividend of Rs. 3.00 (@30%) per share for the year ended 31^st March 2013 as against Rs. 3.50 (@35%) per share for the previous year ended 31^st March 2012.

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