Annual Report 2000-2001 of Axis Bank

It is a broadly described annual report of Axis Bank in the year of 2000-2001. During the financial year, The Bank’s capital stood at Rs. 131.90 Crores as on 31.03.2001. The Bank earned a net profit of Rs. 86.12 Crores for the year 2000-01, as against Rs. 51.06 Crores in the previous financial year, registering a growth of 68.66%. The gross profit before depreciation, tax, other provisions and write-offs was Rs. 154.23 Crores as against Rs. 127.63 Crores in the previous year. The gross interest income increased to Rs. 889.63 Crores in 2000- 01 as against Rs. 483.26 Crores in the previous year.

The Board of Directors of the bank has recommended a dividend of @15% this year as against a @12% dividend declared for the financial year 1999-2000.

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