Saturday, May 14, 2016

Vijaya Bank profit boom in March quarter.

State-owned Vijaya Bank on May 12 reported a 26 percent decline in net profit to Rs 71.31 crore for the March quarter.

The bank had a net profit of Rs 96.80 crore in the January-March quarter of 2014-15 fiscal, Vijaya Bank said in a BSE filing.

Total income of the bank declined to Rs 3,228.48 crore in the January-March quarter of the 2015-16 fiscal as against Rs 3,408.12 crore in the year-ago period.

For entire 2015-16 fiscal, the bank's net profit slipped to Rs 381.80 crore compared with Rs 439.41 crore in the previous fiscal.

The total income also declined to Rs 12,957.44 crore during the fiscal from Rs 13,152.49 crore in 2014-l5.

As far as asset quality of the bank is concerned, the gross NPAs as a percentage of total advances rose to 6.64 percent from 2.78 percent in the same quarter a year ago.

Its net NPAs also increased to 4.81 percent as against 1.92 percent at the end of March 2015.