Annual Report 2016-2017 of Axis Bank

It is a broadly described annual report of Axis Bank in the year of 2016-2017. During the financial year, The Bank’s Net profit for the year ended 31^st March 2017 contracted by 55.26% and stood at Rs. 3,679.28 Crores, as compared to the net profit of Rs. 8,223.66 Crores last year, primarily on account of higher provision for non-performing assets (NPAs). Operating profit reported a steady growth of 9.20% at Rs. 17,584.52 Crores over the previous year with healthy operating revenue growth of 13.66%. Operating revenue rose from Rs. 26,204.43 Crores in fiscal 2016 to Rs. 29,784.43 Crores in fiscal 2017. Net interest income (NII) rose 7.49% from Rs. 16,832.97 Crores in fiscal 2016 to Rs. 18,093.12 Crores in fiscal 2017. The Diluted Earnings per Share (EPS) of the Bank for the financial year 2016-17 stood at Rs. 15.34 per equity share of Rs.2/- each as compared to Rs. 34.40 per equity share of Rs.2/- each in the previous year.

The Bank at its meeting held on 26^th April 2017, recommended a dividend of Rs. 5/- per equity share of Rs. 2/- each for the financial year 2016-17, in terms of the Dividend Distribution Policy of the Bank.

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