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.

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