Vijaya Bank Q1 net profit up 22% to Rs 161 crore

Written by PTI | New Delhi | Updated: Jul 28 2014, 23:27pm hrs
State-run Vijaya Bank today reported 22 per cent increase in net profit to Rs 161.46 crore for the quarter ended June 2014.

The Bangalore-based lender had posted a net profit of Rs 132.46 crore for the same period of last fiscal, the bank said in a BSE filing.

The total income during the quarter increased to Rs 3,189.85 crore from Rs 2,698.82 crore in the year-ago period.

As of June 30, the bank's portfolio quality deteriorated further, with gross non-performing assets (NPAs) rising to 2.68 per cent of gross advances, as against 2.42 per cent a year ago.

Its net non-performing assets during the quarter rose to 1.77 per cent from 1.45 per cent in the year ago period.