Vijaya Bank Q4 net dips 29% to Rs 97 crore

Public sector Vijaya Bank has reported a 28.7% drop in its net profit at Rs 96.80 crore for the fourth quarter ending March 31.

The bank had registered a net profit of Rs 135.84 crore for the corresponding period last year.

However, for the full year, net profit of the bank jumped by 5.65% to Rs 439.41 crore from Rs 415.91 crore in the previous fiscal.

Total income of the bank for the January-March period stood at Rs 3,406.12 crore as against Rs 3,029.34 crore in the same period of previous year.

For the full financial year, total income increased to Rs 13,152.49 crore from Rs 11,416.42 crore last year.

During the year, the bank said, it raised Rs 1,500 crore through issue of bonds out of which, Rs 500 crore and Rs 1,000 crore were eligible for additional tier I and tier II capital, respectively.

Meanwhile, the company's board at its meeting held today recommended a final dividend of Rs 1.50 per share on equity share capital of the bank for the financial year 2014-15 subject to the approval of shareholders.

Shares of the bank were trading at Rs 46.60 apiece up by 3.56% on the BSE.