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Vijaya Bank Q2 net up 41% to Rs 203.53 cr
Vijaya Bank has reported a 41% increase in its net profit at Rs 203.53 crore for the three month to September quarter. Incomes from operations also rose 15% at Rs 458.33 crore.
Vijaya Bank has reported a 41% increase in its net profit at Rs 203.53 crore for the three month to September quarter. Income from operations also rose 15% at Rs 458.33 crore.
Meanwhile, shares of the bank rose 6% at Rs 59.20 on the Bombay Stock Exchange at 11:51 hours .
Net interest income reported a 5.36% rise at Rs 513.35 crore over Rs 487.22 crore in Q2 FY10-11. Other income was down 10.16 per cent at Rs 106 crore as against Rs 1.31 crore YoY.
However, the bank's non-performing assets (NPAs) showed an increase as Net NPAs rose 46% at Rs. 761.15 crore YoY and went down 8.6% QoQ. Gross NPAs rose 42.37% YoY at Rs. 1,381.18 crore, but fell 4.69% QoQ.
Net NPA ratio percentage stood at 1.42% as against 1.65% QoQ while gross NPA ratio percentage stood at 2.54% as against 2.83% QoQ.
Provisions fell down at Rs. 95.87 crore as against Rs. 102 crore YoY. Tax refund stood at Rs. 75 crore
