Annual Report 2016-2017 of IndusInd Bank Limited

It is a broadly described annual report of IndusInd Bank Limited in the year of 2016-2017. During the financial year, The Bank’s Total Income grew by 22.47% to Rs. 18,577.16 Crores from Rs. 15,168.69 Crores. Net Interest Income improved robustly by 34.23% to Rs. 6,062.60 Crores from Rs. 4,516.57 Crores, while Non-Interest Income rose to Rs. 4,171.49 Crores from Rs. 3,296.95 Crores, registering growth of 26.53%. Operating Profit rose robustly by 31.27% to Rs. 5,641.71 Crores, as compared to Rs. 4,297.94 Crores in the previous year. The Net Profit of the Bank, after considering all expenses and necessary Provisions and Contingencies, was higher by 25.43% at Rs. 2,867.89 Crores, as against Rs. 2,286.45 Crores in the previous year. The Earning per Share (EPS) of the Bank rose to Rs. 48.06 during the year 2016-17, from Rs. 39.68 in the previous year.

The Board of Directors of the bank has recommended a Dividend of Rs. 6.00 per Equity Share of Rs. 10/- each for the year ended 31^st March 2017.

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