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.
