Vijaya Bank net profit up 54% for the quarter ended in June 2012, Latest Stock Price
Bangalore-based public sector lender Vijaya Bank register robust growth of 54.2 per cent in net profit, at Rs 111 crore, for the quarter ended June 30, compared with Rs 72 crore a year earlier. The total income of the bank for the quarter increased 18.7 per cent to Rs 2,320 crore, compared with Rs 1,953 crore reported in the corresponding period last year. The operating profit declined 20.4 per cent to Rs 259 crore against Rs 325.5 crore reported in the year-ago period.
The net interest income showed a modest growth of 7.5 per cent at Rs 455 crore in the June quarter against Rs 423 crore reported in the last corresponding period. The bank has made a provision of Rs 130 crore against Rs 231 crore, a decline of 43.7 per cent.
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