Karur Vysya Bank announced that ICRA has reaffirmed the credit rating for the Bank's certificate of deposits programme at ICRA A1+.

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Net profit of Karur Vysya Bank rose 18.71% to Rs 60.02 crore in the quarter ended March 2019 as against Rs 50.56 crore during the previous quarter ended March 2018. Total Operating Income declined 1.16% to Rs 1473.59 crore in the quarter ended March 2019 as against Rs 1490.88 crore during the previous quarter ended March 2018.

For the full year,net profit declined 39.00% to Rs 210.87 crore in the year ended March 2019 as against Rs 345.67 crore during the previous year ended March 2018. Total Operating Income rose 2.04% to Rs 5815.82 crore in the year ended March 2019 as against Rs 5699.65 crore during the previous year ended March 2018.

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Karur Vysya Bank announced that the Board of Directors of the Company at its meeting held on 15 May 2019, has recommended a Final dividend of Rs.0.6 per share (i.e.30%), subject to the approval of the shareholders.

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Karur Vysya Bank will hold a meeting of the Board of Directors of the Company on 15 May 2019.

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