 "Vijaya Bank Q1 net down 12% at Rs 143 cr")
State-owned Vijaya Bank today reported 11.6 per cent decline in net profit at Rs 142.59 crore for the first quarter ended June 30, 2015-16, on account of higher provisioning for bad loans.
The bank had reported net profit of Rs 161.45 crore in the April-June quarter of last fiscal.
Its total income increased, however, to Rs 3,289.05 crore in the quarter from Rs 3,189.95 crore in the same period of last fiscal, the bank said in a BSE filing.
The net NPAs also increased to 2.45 per cent from 1.77 per cent at the end of June 2014.
Provisions and contingencies of the bank during the quarter increased to Rs 146.38 crore as against Rs 93.52 crore at the end of first quarter a year ago.
Shares of Vijaya Bank were trading at Rs 40.20 per unit, up 2.29 per cent, on the BSE.
The bank had reported net profit of Rs 161.45 crore in the April-June quarter of last fiscal.
Its total income increased, however, to Rs 3,289.05 crore in the quarter from Rs 3,189.95 crore in the same period of last fiscal, the bank said in a BSE filing.
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The gross NPAs as a percentage of total advances rose to 3.39 per cent during the quarter from 2.68 per cent in the year-ago period.
The net NPAs also increased to 2.45 per cent from 1.77 per cent at the end of June 2014.
Provisions and contingencies of the bank during the quarter increased to Rs 146.38 crore as against Rs 93.52 crore at the end of first quarter a year ago.
Shares of Vijaya Bank were trading at Rs 40.20 per unit, up 2.29 per cent, on the BSE.
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