Thursday, October 27, 2016

@VijayaBankIndia reports 34% jump in Q2 net profits

Vijaya Bank has reported 34.1 per cent increase in net profit to Rs 154.55 crore in the second quarter of the current fiscal, its net profit in the July-September quarter of 2015-16 was Rs 115.29 cr. Provisions for bad loans and contingencies were increased by to Rs 389.82 crore for this quarter.

Its gross non-performing assets (NPAs)  rose to 7.07 per cent of the gross advances as of September 2016.