It is a broadly described annual report of Karur Vysya Bank Limited in the year of 2016-2017. During the financial year, Total assets of the Bank stood at Rs. 61807,62,06 Crore. During the year under report the total business of the Bank reached a level of Rs. 95,135 Crore from a level of Rs. 89,555 Crore for FY 16, posted a growth of 6.23% Y-o-Y. The Bank’s gross deposits growing by 7.23% to Rs. 53,699.81 Crore for FY 17 against Rs. 50,078.90 Crore in the previous fiscal. The Net Interest Income grew by 16.41% Y-o-Y from Rs. 1,781.37 Crore to Rs. 2,073.70 Crore. Non-interest income increased to Rs. 782.22 Crore from Rs. 706.81 Crore, a growth of 10.67%. The Bank’s total expenditure was Rs. 5798,58,44 Crore during FY 2016-17. The Bank earned an operating profit of Rs. 1,570.97 Crore for the FY 17, registering a growth of 20.56% over the operating profit of Rs. 1,303.06 Crore in the previous fiscal. The net profit of the Bank registered a growth of 6.76% (grew by Rs. 38.35 Crore) and stood at Rs. 605.98 Crore as against Rs. 567.63 Crore in the previous fiscal. The Earnings per share (EPS) of the Bank and the book value per share of Rs. 2/- each fully paid as on 31st March 2017 were at Rs. 9.95 and Rs. 79.51 respectively.
The Board of Directors of the Bank has recommended a dividend of Rs. 2.60 per Equity Share of face value of Rs. 2/- each i.e., @130% for the FY 17.
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