Vijaya Bank Q3 net profit rises 41% to Rs 53 cr

Image
Press Trust of India New Delhi
Last Updated : Feb 05 2016 | 4:07 PM IST
State-owned Vijaya Bank today reported 40.6 per cent increase in net profit to Rs 52.61 crore for the third quarter ended December 31.
The bank had posted a net profit of Rs 37.40 crore in the October-December quarter of the 2014-15 fiscal.
However, the bank's total income declined marginally to Rs 3,237.02 crore in the quarter under review from Rs 3,302.67 crore in the same period a year ago, Vijaya Bank said in a regulatory filing.
The bank's gross non-performing assets (NPAs) rose to 4.32 per cent as against 2.92 per cent in the same quarter of the previous fiscal.
Net NPAs rose to 2.98 per cent in the quarter under review compared with 1.89 per cent a year ago.
Provision other than tax and contingencies have increased to Rs 317.39 crore as against Rs 308.39 crore in the year-ago period.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 05 2016 | 4:07 PM IST

Next Story