Vijaya Bank’s gross NPAs improve

Vijaya Bank has recorded a fall in its net profit of 43 percent to Rs144 crore from Rs 254 crore in the corresponding fiscal in the previous year.

Published: 24th July 2018 04:54 AM  |   Last Updated: 24th July 2018 04:54 AM   |  A+A-

By Express News Service

BENGALURU:Vijaya Bank has recorded a fall in its net profit of 43 percent to D144 crore from D254 crore in the corresponding fiscal in the previous year.The gross advances have gone up by 31 per cent to D1,22,348 crore and the gross deposits have gone up by 19 per cent to D1,57,326 crore.

The bank’s gross non-performing assets (NPAs) improved from 7.3 per cent last year to 6.19 per cent this quarter and net non-performing assets improved from 5.24 per cent last year to 4.10 per cent this quarter.
The gross NPA as on June 30, 2018 was D7,579 crore while the net NPA was D4,903.92 crore. The net interest income is up by 27.86 per cent to Rs 1,207 crore.

RA Sankara Narayan, MD and CEO, Vijaya Bank, said, “The government of Karnataka has announced a farmer’s waiver but that will not have any adverse impact on us as such. We hope to recover D450 crore in such loans.”

The Net Interest Margin (NIM) improved by 20 bps to 3.12 percent and the retail credit has gone up by 25.44 per cent.The bank has 2,129 branches all over India with seven branches being merged between March and June.

Stay up to date on all the latest Karnataka news with The New Indian Express App. Download now


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 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 are those of the comment writers alone. They do not represent the views or opinions of 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. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp