IndusInd Bank declares 6% dividend
IndusInd Bank, a new-generation private-sector bank today declared six per cent dividend for the year ended March 31, 2007.
By PTI |
PUNE: IndusInd Bank, a new-generation private-sector bank today declared six per cent dividend for the year ended March 31, 2007.
The bank successfully completed its maiden Global Deposits Receipts (GDR) issue towards the end of 2006, which also helped enhance the networth level of the bank to more than Rs 1,000 crore, IndusInd Bank Chairman R Seshasayee told shareholders here.
The bank recorded a business turnover of Rs 28,700 crore, a growth of 18.14 per cent over the previous year, he said at the annual general meeting.
During 2007-08 and the following years, the focus would be on enlarging portfolio of demand deposits, said IndusInd Bank Managing Director Bhaskar Ghose.
"We are also in the process of strengthening certain business lines like wealth management to enable us to meet the needs of our customers for value added products," he said.
The bank successfully completed its maiden Global Deposits Receipts (GDR) issue towards the end of 2006, which also helped enhance the networth level of the bank to more than Rs 1,000 crore, IndusInd Bank Chairman R Seshasayee told shareholders here.
The bank recorded a business turnover of Rs 28,700 crore, a growth of 18.14 per cent over the previous year, he said at the annual general meeting.
During 2007-08 and the following years, the focus would be on enlarging portfolio of demand deposits, said IndusInd Bank Managing Director Bhaskar Ghose.
"We are also in the process of strengthening certain business lines like wealth management to enable us to meet the needs of our customers for value added products," he said.
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