Wednesday, January 24, 2018

.@VijayaBankIndia Q3 net down 65.45 % due to higher provisions

Bangalore headquartered Vijaya Bank reported 65.45 percent decline in net profit at Rs 79.56 crore for the third quarter ended on December 31, 2017, due to rise in provisions.The bank's total income also declined 7.09 percent to Rs 3,450.81 crore in the quarter under review from Rs 3,714.37 crore in the same period a year ago.The bank's gross non-performing assets (NPAs) improved marginally to 6.17 per cent as against 6.98 per cent in the same quarter last fiscal.

Net NPA's also came down to 3.99 per cent in the quarter under review compared to 4.74 per cent a year ago.