Annual Report 2009-2010 of Karur Vysya Bank

It is a broadly described annual report of Karur Vysya Bank in the year of 2009-2010. During the financial year 2009-10, The Bank’s total income increased by 17.16% to Rs. 2,004.92 Crore compared to Rs. 1.711.30 Crore during 2008-09. The total deposits of the Bank have grown by Rs. 4,170.46 Corer from Rs. 15,101.39 Crore as on 31^st March 2009 to Rs. 19,271.85 Crore as on 31^st March 2010, registering a growth of 27.62%. The paid-up capital of the bank as on 31^st March 2010 stood at Rs. 54.44 Crore as against Rs. 53.95 Crore during the previous year. The operating profit of the bank for the year ended 31^st March 2010 stood at Rs. 463.22 Crore compared to Rs. 418.02 Crore as at 31^st March 2009 registering a growth of 10.81%. The net profit of the bank grew by 42.48% to Rs. 336.03 Crore during the year 2009-10 from Rs. 235.84 Crore reported in the previous fiscal. The earnings per share (EPS) of the Bank improved by Rs. 62.23 as on 31^st March 2010 from Rs. 43.71 as on 31^st March 2009.

The Board of Directors of the bank was pleased to recommend a dividend of @120% (Rs. 12/- per equity share of Rs. 10/- each) for the year 2009-10.

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