Annual Report 2014-2015 of Laxmi Vilas Bank

It is a broadly described annual report of Laxmi Vilas Bank in the year of 2014-2015. During the financial year, The Bank’s total business of Rs. 38,316.22 Crores in FY 2014-2015 a growth of 21.79% over Rs. 31,462.07 Crores in FY 2013-2014. Deposits grew by 18.26%, from Rs. 18,572.88 Crores as at 31^st March 2014 to Rs. 21,964.21 Crores as at 31^st March 2015. The Bank has posted an operating profit of Rs. 376.44 Crores in FY 2014-2015 against Rs. 309.00 Crores in the previous year FY 2013-14 registering a growth of 21.83%. The net profit for the year, after provisions and taxes, amounts to Rs. 132.29 Crores as against Rs. 59.66 Crores recorded in 2013-14 recording a growth of 121.72%. Earnings per Share stood at Rs. 9.16 for the year ended 31^st March 2015 as compared to Rs. 6.11 as on 31^st March 2014.

The Board of Directors of the bank was pleased to recommend a dividend of Rs. 2.00 (@20%) per share for the post Rights Issue Capital for the year ended 31^st March 2015 as against Rs. 1.00 (@10%) per share for the previous year ended 31^st March 2014.

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