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Thursday, April 30, 2015

Karur Vysya Bank Q4 net jumps 15.2%

Private sector Karur Vysya Bank today registered 15.2 per cent jump in net profit at Rs. 137.83 crore for the fourth quarter ended March 31, 2015.

The Tamil Nadu-based bank had registered net profit of Rs. 119.59 crore in the January-March quarter of previous fiscal, 2013-14.

For 2014-15, the net profit of the bank grew by 8 per cent to Rs. 464.28 crore, from Rs. 429.60 crore in the previous fiscal.

Total income for the January-March 2015 quarter went up to Rs. 1,507.61 crore, from Rs. 1,468.45 crore registered during same period of the previous fiscal.

For the financial year ended March 31, 2015 total income of the bank soared to Rs. 5,976.71 crore from Rs. 5,680.41 crore registered a year ago.

The Board of Directors have recommended a dividend of Rs. 13 per equity share of Rs. 10 each for the year 2014-15, it said.

The Bank shares were trading at Rs. 495.75 a piece down by 0.80 per cent over previous close in afternoon BSE.

Source : Thehindubusinessline


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