Private sector lender Karur Vysya Bank has announced its fourth quarter financial results for the fiscal year 2009-10. This quarter has produced an impressive net profit for the Bank.

The company has posted a net profit of Rs. 336.03 crore for the quarter that ended in 31st March, 2010. It was reported to be Rs 235.84 crore for the fourth quarter a year ago. This net profit figure has surged up by 42.48% as compared to the same quarter in the preceding year. The bank has informed this in a press release.

So far as the total income of the firm is concerned, it has touched Rs 2004.92 crore during the January-March period of fiscal year 2009-10. It has Rs 1711.30 crore for the same quarter last year.

Total business of the company was reported to be of Rs 32,946 crore for the year under review from Rs. 25, 664.29 crore last year.

The board has decided to recommend a dividend of 120% to its investors for the financial year 2009-10 subject to the approval of the share holders.