Vijaya Bank Q2 net up 5.5%

The total Q2 income of the bank rose to Rs 3,253.75 crore, up from Rs 2,813.66 crore in the year-ago period

Press Trust of India New Delhi
Last Updated : Nov 07 2014 | 4:26 PM IST
Vijaya Bank's net profit increased by 5.5% to Rs 143.75 crore for the second quarter ended September 30, 2014-15.

It had reported net profit of Rs 136.22 crore during the July-September quarter, 2013-14.

The total Q2 income of the bank rose to Rs 3,253.75 crore, up from Rs 2,813.66 crore in the year-ago period, it said in a filing to the BSE.

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The state-owned lender made provisioning of Rs 151.72 crore during the quarter, up from Rs 131.69 crore in the same period a year ago.

Gross non-performing assets or bad loans as a percentage of total advances increased to 2.85%, from 2.77% in the previous fiscal. Net NPAs also moved up to 1.88%, from 1.75%.

Vijaya Bank scrip closed at Rs 48.90, down 0.31%, on the BSE.

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First Published: Nov 07 2014 | 4:14 PM IST

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