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Axis Bank Directors Report, Axis Bank Reports by Directors
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Axis Bank
BSE: 532215|NSE: AXISBANK|ISIN: INE238A01026|SECTOR: Banks - Private Sector
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Directors Report Year End :    « Mar 12
201303 - Quarter 4

1. The figures of last quarter are the balancing figures between
audited figures in respect of the
full financial year and the published year to date figures upto the
end of third quarter of the
current financial year.

2. The Board of Directors has recommended a dividend of `18 per share (180%) for the year ended March 31, 2013 (previous year Rs. 16 per share (160%), subject to the approval of the members at the ensuing Annual General Meeting.

3. ‘Other income’ includes gains from securities transactions, commission earned from guarantees/letters of credit, fees earned from providing services to customers, selling of third party products, ATM sharing fees.

4. During the current quarter, the Bank raised additional equity capital through a Qualified Institutional Placement (QIP) of 34,000,000 shares and a preferential allotment of 5,837,945 shares at a price of Rs. 1,390.00 per share. As a consequence, the paid-up share capital of the Bank has increased by Rs. 39.84 crores and the reserves of the Bank have increased by Rs. 5,457.76 crores after charging of issue related expenses.

5. During the current quarter, the Bank acquired the entire share capital of Axis Finance Private Ltd. (formerly Enam Finance Private Ltd.) from Axis Capital Ltd., a wholly-owned subsidiary of the Bank at a consideration of Rs. 90.40 crores.

6. During the year ended March 31, 2013, the Bank allotted 2,822,571 equity shares pursuant to the exercise of options under its Employee Stock Option Scheme.

7. The above results have been approved by the Board of Directors of the Bank at its meeting held on April 24, 2013.

8. Previous period figures have been regrouped and reclassified, where necessary, to make them comparable with current period figures.

9. Previous period figures have been regrouped and reclassified, where necessary, to make them comparable with current period figures.

Shikha Sharma
MD & CEO
Source : Dion Global Solutions Limited
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