Annual Report 2013-2014 of Karur Vysya Bank

It is a broadly described annual report of Karur Vysya Bank in the year of 2013-2014. During the financial year 2013-14, The Bank’s Total Business recorded an increase of 14.08% at Rs. 77983.66 Crore as compared to Rs. 68358.87 Crore as on 31^st March 2013. The Bank’s total Deposits stood at Rs. 43757.68 Crore as on 31^st March 2014, showing an absolute increase of Rs. 5104.70 Crore and a growth rate of 13.21% over the previous year. The Bank posted an operating profit of Rs. 837.79 Crore for the financial year 2013-14, against Rs. 848.83 Crore attained during the corresponding period last year. For the year ended 2013-14, net profit showed a decline of 21.94% to Rs. 429.60 Crore from Rs. 550.32 Crore in FY 13. As at 31^st March 2014, the Paid-up Equity Capital of the Bank stood at Rs. 107.18 Crore consisting of 10,71,81,106 shares of Rs.10/- each.

The Board of Directors of the bank was pleased to recommend a dividend of Rs. 13/- per Equity Share i.e., @130% for fiscal 2013-14.

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