Karnataka Bank has reported results for the quarter and year ended March 31, 2011.
The bank’s net profit for the fourth quarter has rose by 22.56% at Rs 90.82 crore as compared to Rs 74.10 crore for the quarter ended March 31, 2010. Its total income for the quarter under review has increased by 22.74% at Rs 745.41 crore as compared to Rs 607.29 crore for the corresponding quarter of the previous year.
The bank’s net profit has recorded a growth of 22.43% at Rs 204.61 crore for FY11 as compared to Rs 167.12 crore for FY10. Its total income has increased to Rs 2662.60 crore for FY11 from Rs 2354.68 crore for FY10, up by 13.08%.
Karnataka Bank has recommended dividend of Rs 3 per share for the year ended March 31, 2011.
