Karur Vysya Bank Q4 net up 17% at Rs 115 cr

Private sector Karur Vysya Bank today posted a 17% jump in net profit at Rs 115.2 crore for the fourth quarter ended March 31, 2011.

The lender had a net profit of Rs 98.9 crore in the same period last year, Karur Vysya Bank said in a filing to the Bombay Stock Exchange (BSE).

Total income of the bank increased to Rs 695.8 crore in the January-March quarter from Rs 519.1 crore in the same period previous year.

The bank has proposed a dividend of Rs 12 (120%) per share for the year 2010-11.

For the year ended March 31, 2011, the bank's net profit grew by by 23.5% to Rs 415.5 crore, against Rs 336 crore in the previous fiscal.

At the same time, total income of the bank increased to Rs 2,482 crore in 2010-11, compared to Rs 2004.9 crore in the previous fiscal.