Karur Vysya Bank net profit Rs 135.35 crore

Chennai, May 25 (UNI) The Karur Vysya Bank has posted a net profit of Rs 135.35 crore for the year ended March 2006, registering a 28.49 per cent growth over the previous year.

Commemorating the 90th year celebrations of the bank, the board had proposed a special dividend of 20 per cent in addition to 100 per cent dividend recommended for the third consecutive year, a bank release here said.

It said the capital funds of the bank rose to Rs 871.63 crore from Rs 760.88 crore, a year ago on the back of increase in total reserves, which went up from RS 742.90 crore to Rs 853.65 crore.

The Bank had an investment fluctuation reserve of Rs 70.85 crore at 10.62 per cent of investments under AFS and HFT category as against the prescription of five per cent, the release said.

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