New Delhi: On Saturday Vijaya Bank Ltd accounted a 57 per cent rose in net profit to Rs 255 crore for the June quarter ended of fiscal 2017-18, posted yearly expansion from Rs 162 crore in the similar period a year before.
Consecutively, net profit raises 25 percent from Rs 204 crore a quarter before. Operating profit for the quarter also rose 64 percent yearly to Rs 753 crore from Rs 459 crore in the like period a year before but only 7 percent consecutively from Rs 703 crore a quarter ago.
The bank further stated that, total income rose 6.5 percent annually to Rs 3,510 crore in June quarter from Rs 3,295 crore in the similar period year before and was flat 0.14 percent from Rs 3,505 crore quarter ago.
The bank’s provisioning for non-performing assets (NPAs) climbs 63 percent yearly to Rs.411 crore in June quarter from Rs 253 crore in the like period a year before and 19 percent consecutively from Rs 345 crore a quarter before.
CASA deposits augmented 30 percent yearly to Rs 36,318 crore, with Current Accounts forming Rs 7,998 crore and Saving Accounts Rs 28,320 crore throughout the quarter under review. The bank further stated that focus on assets quality resulted in net NPA lessening marginally to 5.24 percent from 5.42 percent a year before.