Annual Report 2015-2016 of Laxmi Vilas Bank

It is a broadly described annual report of Laxmi Vilas Bank in the year of 2015-2016. During the financial year, The Bank’s total business of Rs. 45,074.70 Crores in FY 2015-16 a growth of 17.64% over Rs. 38,316.23 Crores in FY 2014-15. Deposits grew by 15.78%, from Rs. 21,964.21 Crores as at 31^st March 2015 to Rs. 25,430.96 Crores as at 31^st March 2016. The Bank has posted an operating profit of Rs. 407.12 Crores in FY 2015-16 against Rs. 368.41 Crores in the previous year FY 2014-15 registering a growth of 10.51%. The net profit for the year, after provisions and taxes, amounts to Rs. 180.24 Crores as against Rs. 132.29 Crores recorded in 2014-15 recording a growth of 36.25%. Earnings per Share stood at Rs. 10.05 for the year ended 31^st March 2016 as compared to Rs. 9.16 as on 31^st March 2015.

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 2016 as against Rs. 2.00 (@20%) per share for the previous year ended 31^st March 2015.

More Annual Report of Laxmi Vilas Bank: