Leading private sector lender of the country, Karur Vysya Bank has announced its first quarter financial results for the fiscal year 2010-11.

As per the report it has managed to register an impressive net profit rise in the quarter under review.

The bank has posted a net profit of Rs 84.48 crore for the first quarter. The net profit of the bank was Rs 70.35 crore for the like period of the preceding year.

This net profit figure has grown up by 20.09% in the quarter ended in 30th June, 2010 as compared to the same quarter in the last fiscal. This has been informed by Karur Vysya Bank in a filing at the Bombay Stock Exchange.

The total income of the company has touched Rs 544.27 crore during the April-June quarter of fiscal year 2010-11. The total income was Rs 487.37 crore for the same quarter in the preceding year.

There has been a hike of 11.67 % in the total income of the firm in this quarter this year against same period in last year.