Karur-based Karur Vysya Bank (KVB) has reported a net profit of 18 per cent to Rs 83.82 crore during the quarter ended March 31, 2009 as compared to Rs 70.54 crore, a year ago.

Total income rose to Rs 435.19 crore from Rs 354.20 crore last year.

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Bank's board of directors has recommended dividend of 120 per cent.

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