ING Vysya Bank has posted a net profit of Rs 83 crore in the December quarter of FY11. Its net interest income (NII) jumped to Rs 245.7 crore from Rs 220 crore (YoY).
Disclosing the results, Shailendra Bhandari, MD & CEO, ING Vysya said that margins should be maintained from here onwards. "There was a disproportionate rise last quarter where deposit rates rose higher than lending rates. I believe that the two will move in tandem so if the deposit rates go up, banks will not be reluctant to pass it on and thatDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
