THE KARUR VYSYA BANK LTD

Article Abstract:

Karur Vysya Bank Ltd, Karur, Tamil Nadu, has declared a 50 percent dividend for 1997-98. Its deposits increased by 35.69 percent, advances increased by 20.75 percent and net profit by 20.74 percent. It has a capital adequacy ratio of 14.47 percent. (vv) --------------------------------------------------------- Audited Financial Results of Karur Vysya Bank Ltd (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Income: --------------------------------------------------------- Interest earned 266.88 220.31 --------------------------------------------------------- Other income 65.56 32.96 --------------------------------------------------------- Total income 332.44 253.27 --------------------------------------------------------- Expenditure: --------------------------------------------------------- Interest expended 184.04 143.44 --------------------------------------------------------- Operating expenses 65.26 51.70 --------------------------------------------------------- Provisions and contingencies 39.60 22.07 --------------------------------------------------------- Total expenditure 288.90 217.21 --------------------------------------------------------- Net profit 43.54 36.06 --------------------------------------------------------- Deposits 2,137.85 1,575.49 --------------------------------------------------------- Advances 1,154.70 956.26 --------------------------------------------------------- Paid up capital 6.00 6.00 --------------------------------------------------------- Reserves and surplus 155.29 115.48 --------------------------------------------------------- Owned funds 161.29 121.48 --------------------------------------------------------- Earnings per share (Rs) 72.57 60.12 --------------------------------------------------------- Book value (Rs) 268.81 202.50 ---------------------------------------------------------

Comment:

Gives 50% dividend for 1997-98 after posting net profits of 20.74%

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VYSYA BANK NET UP 14.8%, TO PAY 55 PC DIVIDEND

Article Abstract:

The net profit of the Vysya Bank increased by 14.8 percent to Rs75.52 crore in the year ended March 31, 1998. It has declared a dividend of 55 percent for 1997-98. Its earning per share was Rs47. Its total deposits increased by Rs680 crore to Rs5,749 crore. Its net credit was Rs2,573 crore. Its investments were Rs2,086 crore. Its interest income was Rs63.46 crore. Its net worth was Rs485 crore. Its capital adequacy was 12.48 percent. (rk)

Comment:

Increases net profit by 14.8% to Rs75.52 crore in year ended 3/31/98

Indonesia, Vysya Bank Ltd.

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KARUR VYSYA BANK NET DOWN 13 PER CENT

Article Abstract:

Karur Vysya Bank Ltd (KVBL) has posted a 13 percent fall in its net profit during the first half of 1998-99. During the period, it also posted a 21 percent rise in the total income. KVBL also posted a 29 percent rise in the deposits and a 25 percent rise in advances. The income from interest also grew by 33 percent. KVBL has exceeded crossed all goals set for offering advances to the priority sector and also export credit. (ag)

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