Karur Vysya Bank Ltd. said its board had recommended a dividend of 140 percent or Rs.14.00 per equity share of Rs.10 each for the fiscal year 2013.
The bank reported fourth-quarter net profit of Rs.158.58 crore, up by eight percent from the Rs.146.79 crore in 2012. Net interest income was Rs.310.32 crore, higher by 19 percent than the Rs.260.99 crore in Q4FY12, while non-interest income totaled Rs.157.80 crore, up by 41 percent from the Rs.111.80 crore in the year-ago quarter.
Total income of the bank for the quarter amounted to Rs.1,283.95 crore, compared with Rs.1,059.27 crore in FY12, an increase of 21 percent.
For the fiscal year, its net profit grew by ten percent to Rs.550.32 crore from the Rs.501.72 crore in 2012. Net interest income for the year was Rs.1,158.47 crore, higher by 26 percent than the Rs.917.12 crore last year, while non-interest income totaled Rs.452.56 crore, up by 29 percent from the Rs.350.15 crore a year-ago.
Total income of the bank for the year amounted to Rs.4,694.99 crore, compared with Rs.3,620.52 crore in FY12, an increase of 30 percent.
As at the end of March this year, Net NPA stood at 0.37, while Capital Adequacy ratio, as per Basel-II, was 4.41 percent.
At the BSE, Karur Vysya Bank shares are currently trading at Rs.478, up 1.29 percent from the previous close.
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