Vijaya Bank Q4 profit down 39 at Rs 136 cr

State-owned Vijaya Bank today recorded 39.3% decline in net profit at Rs 135.84 crore for the fourth quarter ended March, 2014.

The bank had a net profit of Rs 224.15 crore in the January-March quarter of 2012-13 fiscal, Vijaya Bank said in a filing to the BSE.

Total income of the bank increased to Rs 3,029.34 crore in the January-March quarter, as against Rs 2,680.20 crore in the year-ago period.

For the entire 2013-14, the bank's net profit slipped by 28.8% to Rs 416.91 crore, compared to Rs 585.61 crore in the previous fiscal.

However, the total income of last fiscal jumped to Rs 11,416.42 crore from Rs 9,658.88 crore in 2012-l3.

As far as asset quality of the bank is concerned, the gross NPAs as a percentage to total advances rose to 2.41% from 2.17% in the same quarter an year ago.

Its net NPAs also increased to 1.55%, from 1.30% at the end of March 2013.

The board of the bank has proposed a final dividend of 10% or Re 1 per share of face value of Rs 10 for 2013-2014.

Vijaya Bank scrip was trading at Rs 41.55, up 0.73%, in the afternoon trade on the BSE.