>AXIS BANK

Allotment of Equity Shares Under ESOP
AXIS Bank Ltd has allotted 2,89,831 equity shares of Rs. 10/- each, under ESOP Scheme of the Bank. The paid up share capital of the Bank will accordingly get increased to 41,42,90,946 equity shares from 41,40,01,115 equity shares.
 
Axis Bank inducts Schorders as a 25% partner in Axis AMC
Axis Bank has reached an agreement to sell 25 per cent of the share capital of its wholly owned subsidiary, Axis Asset Management Company Ltd (Axis AMC) to Schorder Singapore Holdings Pvt Ltd, a wholly owned subsidiary of Schorders. Schorders is a global asset management company with £ 187.3 billion under
management as at 31 December 2011.



Q4 FY12 Results Update
Axis Bank Ltd has reported net profit of Rs 12772.70 million for the quarter ended on March 31, 2012 as against Rs 10201.10 million in the same quarter last year, an increase of 25.21%. It has reported Net Income of Rs 60603.20 million for the quarter ended on March 31, 2012 as against Rs 43666.60 million in the same quarter last year, a rise of 38.79%. Total income grew by 31.47% to Rs 76479.40 million from Rs.58170.60 million in the same quarter last year. During the quarter, it reported earnings of Rs 30.91 a share.



Recommends Dividend
AXIS Bank Ltd has recommended a dividend of Rs. 16 per share (160%) for the year ended March 31, 2012.


To read report in detail: AXIS BANK

RISH TRADER