Annual Report 2010-2011 of Karur Vysya Bank

It is a broadly described annual report of Karur Vysya Bank in the year of 2010-2011. During the financial year 2010-11, The Bank’s total income increased by 23.80% to Rs. 2482.03 Crore compared to Rs. 2004.92 Crore during the year 2009-10. The operating profit of the bank for the year ended 31^st March 2011 was at Rs. 600.58 Crore compared to Rs. 463.22 Crore during the earlier fiscal recording a growth rate of 29.65%. The net profit of the bank grew by 23.68% to Rs. 415.59 Crore during the reporting fiscal as against Rs. 336.03 Crore recorded in the previous fiscal 2009-10. The paid up share capital which stood at Rs. 54.44 Crore as at 31st March 2010 stood increased to Rs. 76.21 Crore. The earnings per share (EPS) of the Bank was Rs. 44.90 as on 31^st March 2011.

The Board of Directors of the bank was pleased to recommend a dividend of @120% (i.e. Rs. 12/- per share of Rs. 10/-) for the year ended 31^st March 2011.

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