Karur Vysya Bank net profit in quarter rises 8% - Indian Express

Press Trust of India : Chennai, Fri May 24 2013, 17:41 hrs Private sector lender Karur Vysya Bank has reported an eight per cent increase in net profit for the fourth quarter ending March 31, 2013 at Rs 158.58 crore. The Tamil Nadu-based bank had reported net profit at Rs 146.79 crore during the corresponding period of the previous year, Karur Vysya Bank said in a BSE filing. For the financial year ending March 31, 2013, net profit rose by 9.68 per cent to Rs 550.32 crore from Rs 501.72 crore registered during the corresponding period of the previous year. Total income for the fourth quarter ending March 31, 2013 grew to Rs 1,283.95 crore from Rs 1,059.27 crore registered during the corresponding period of the previous year. For the fiscal ending March 31, 2013 total income stood at Rs 4,694.99 crore against Rs 3,620.52 crore registered during the corresponding period of the previous year. The bank said the Board of Directors at its meeting held today has recommended a dividend of Rs 14 per equity share of Rs 10 each for the financial year ending March 31, 2013. STOCK MARKETS LINKS * BSE Sensex * NSE Nifty * Top Gainers/Top Losers * Top Value * Top Quantity * Best Performing Mutual Funds Shares of the bank were trading at Rs 479 apiece, up by 1.50 per cent over the previous close in afternoon trade at BSE. ALSO READ Indian rupee down 10 paise against US dollar Don't panic over the Indian rupee, says Raghuram Rajan State Bank of India profit in quarter plunges 18%, NPAs surge, shares drop Indian rupee at a new 6-month low of 55.83, down 37 paise vs US dollar Please read our terms of use before posting comments TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s). via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH_s_7HGxOQtJTgpyHpDrf_fw0qXg&url=http://www.indianexpress.com/news/karur-vysya-bank-net-profit-in-quarter-rises-8-/1120096/

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