Date:04/07/2009 URL: http://www.thehindubusinessline.com/2009/07/04/stories/2009070450630600.htm

Back IndusInd Bank to pay 12%

Mumbai, July 3

IndusInd Bank has announced a dividend of 12 per cent for the year ended March 31, 2009 against 6 per cent in the previous year, according to a press release here. The bank was able to improve profitability through increased focus on client-driven businesses, apart from emphasis on low-cost demand deposits, broad-basing of customers and re-pricing of loans in line with the market, said Mr R. Seshasayee, Chairman, IndusInd Bank.

— Our Bureau