It is a broadly described annual report of Karur Vysya Bank Limited in the year of 2015-2016. During the financial year, Total assets of the Bank stood at Rs. 57663,71,77 Crore. The total business of the Bank crossed Rs. 89555 Crore as on 31st March 2016, registering an absolute growth of Rs. 8174 Crore at a growth rate of 10.04%, over March 2015 level of Rs. 81381 Crore. The Bank’s Total deposits increased by 12.06% from Rs. 44690.27 Crore in FY15 to Rs. 50078.90 Crore in FY16. The Net Interest Income grew by 21.52%, Y-o-Y from Rs. 1465.91 Crore to Rs. 1781.37 Crore. Non-interest income increased to Rs. 706.81 Crore from Rs. 580.84 Crore, a growth of 21.69%. The Bank’s total expenditure was Rs. 5582,58,14 Crore during FY 2015-16. The Bank earned an operating profit of Rs. 1235.42 Crore for the year 2015-16 as against Rs. 943.29 Crore registered in the previous fiscal 2014-15. During the year ended 31st March 2016, the net profit of the Bank increased by 22.26% to Rs. 567.63 Crore as against Rs. 464.28 Crore posted in the previous fiscal 2014-15. The net profit was up by Rs. 103.35 Crore during FY16. The Earnings per share (EPS) of the Bank and the book value per share as on 31st March 2016 were at Rs. 46.59 and Rs. 375.25 respectively.
The Board of Directors of the Bank has recommended an interim dividend of Rs. 10/- per share (@100%) for this fiscal 2015-16.
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