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.