Vijaya Bank Dec quarter net rises 2%

Written by fe Bureau | Bangalore | Updated: Jan 25 2013, 05:51am hrs
Vijaya Bank reported a net profit of R126.73 crore for the quarter ended December 2012 against R124.27 crore in the same period last year, posting year-on-year growth of just 2%.

According to a release issued by the bank, the advances by Vijaya Bank touched R65,005 crore and deposits rose to R89,315 crore with the total business of the bank reaching an all time high time of R1,54,320 crore.

Commenting on the results, Vijaya Bank CMD HSU Kamath said, Performance of the bank for the quarter ended December 2012 is reasonably good considering the economic scenario.