ING Vysya Q3 net profit marginally up at Rs 167 crore

PTI Posted online: Friday, Jan 31, 2014 at 0000 hrs
New Delhi : Private lender ING Vysya Bank today reported a marginal rise of 3.1 per cent to Rs 167.34 crore in net profit for the third quarter of the current financial year.

The bank had reported net profit of Rs 162.33 crore during the corresponding October-December quarter of 2012-13.

"Total income has increased from Rs 1,425.46 crore for the quarter ended December 31, 2012 to Rs 1,487.85 crore for the quarter ended December 31, 2013," ING Vysya said in a filing to BSE.

Bank's provisioning during the quarter remained lower at Rs 23.01 crore as against Rs 24.60 crore a year earlier.

However, its net non-performing assets (NPAs) or bad loans increased to 0.21 per cent from 0.05 per cent. But gross NPAs were trimmed to 1.68 per cent from 1.77 per cent.

Shares of the bank ended a tad lower at Rs 521.10 apiece on BSE, down 0.81 per cent from the previous close.