The bank's net profit was Rs 41.57 crore in January-March quarter of 2013-14.
Total income increased to Rs 5,385.28 crore in quarter ended March, from Rs 5,032.61 crore in the same period of last fiscal, the bank said in a BSE filing.
The bank has recommended a dividend of 70 per cent, or Rs 1.40 per unit, on the face value of Rs 2 per share for fiscal 2014-15.
For the full fiscal 2014-15, the bank's net profit rose marginally by 4 per cent to Rs 584.25 crore as compared to Rs 561.71 crore in the previous fiscal.
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