Vijaya Bank Q3 Net Up 3-fold

Published: 31st January 2015 06:00 AM  |   Last Updated: 31st January 2015 05:14 AM   |  A+A-

BENGALURU:Vijaya Bank net profit increased over three fold to Rs 37.40 crore in the third quarter of Fy15 as against Rs 11.39 crore recorded in the year ago period, registering a growth of 228 per cent.

The increase was on account of rise in net interest income and other incomes, the bank said on Friday.

“The rise in profit was aided by a 12.14 per cent rise in net interest income at Rs 555 crore, its highest in any quarter, and treasury profit of Rs 158 crore”, Kishore Sansi, the bank’s new MD and CEO said.

CASA increased from Rs 20,488 crore as of 31.12.2013 to Rs 23,671 crore as of 31.12.2014, up by 15.54 per cent.

Its total income was up 14.9 per cent at Rs  3302.67 crore as against Rs 2874 crore recorded in the year ago period. Operating profit recorded a 109 per cent increase to Rs 350.53 crore.

Net NPAs was up 1.89 per cent from 1.57 per cent while gross NPA stood at 2.92 per cent. The bank saw slippages of Rs 744 crore in the third quarter.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp