BusinessLogrBusinessLogr
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Reading: Vijaya Bank Q2 net drops 20% to Rs 115 cr
Share
Aa
BusinessLogrBusinessLogr
Aa
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Follow US
© 2023 BusinessLogr News Network.
BusinessLogr > Company > Vijaya Bank Q2 net drops 20% to Rs 115 cr
Company

Vijaya Bank Q2 net drops 20% to Rs 115 cr

deep
Last updated: 2015/11/10 at 9:25 AM
deep Published November 10, 2015
Share
2 Min Read
SHARE
 
Vijaya Bank Q2 net drops 20% to Rs 115 cr
  • ALSO READ

    Canara Bank Q2 profit dips 16% to Rs 529 cr DLF Q2 net rises 21% to Rs 131 cr HDFC Q2 net up 18% at Rs 1,605 crore Canara Bank net stays flat at Rs 613 cr in Q4 Union Bank Q4 net down 23% at Rs 443 cr

Public sector lender Vijaya Bank reported a 20 per cent dip in profits to Rs 115 crore for the July-September quarter, on higher provisioning for bad loans to corporates. The Bengaluru-based bank had reported profit of Rs 143 crore for the corresponding quarter last year. Net interest income, calculated as interest earned and expended, grew 20 per cent to Rs 692.55 crore from Rs 579 crore.

The bank made total provisions of Rs 283 crore, with nearly Rs 272 crore towards non performing assets (NPAs). Gross NPAs were up at Rs 3,459.90 crore against Rs 2,239 crore in the corresponding period last year. Net NPAs also rose sharply to Rs 2,441.88 crore as against Rs 1,461.95 crore.

ADVERTISING


Gross NPAs as a percentage of advances increased to 3.98 per cent and net NPAs to 2.84 per cent. The bank had registered gross NPAs of 2.85 per cent and net NPAs of 1.88 per cent in the second quarter last year, it said in a statement.

[“source -business-standard”]

You Might Also Like

14 Magnificent Blogs From Large Businesses to Inspire Your Content Marketing

Create a Media Company Instead of a Blog

The Best Content Marketing Brands’ Top Ten Corporate Blogs

5 Reasons Why Your Company Should Run an Internal Blog

Another essential joint effort, McKinsey and C3 man-made intelligence speed up big business man-made intelligence changes

TAGGED: 20% to Rs 115 cr, Vijaya Bank Q2 net drops
deep November 10, 2015
Share this Article
Facebook Twitter Email Print
Share
Previous Article BOI in red again, posts Q2 net loss of Rs 1,126 cr
Next Article Corp Bank net up 17.5% at Rs 189 cr

Most Viewed Posts

  • Environmental thematic investing set for strong growth in 2022
  • Second income center in banks
  • T-Mobile Adds Mexico, Canada to Simple Choice Plan
  • Tieghan gerard income in banks
  • 20 Fitness Franchises: Planet Fitness and Beyond

Most Viewed Posts

  • Environmental thematic investing set for strong growth in 2022
  • Second income center in banks
  • T-Mobile Adds Mexico, Canada to Simple Choice Plan
  • Tieghan gerard income in banks
  • 20 Fitness Franchises: Planet Fitness and Beyond

Recent Posts

  • 14 Magnificent Blogs From Large Businesses to Inspire Your Content Marketing
  • Investing in Youth: The Role of Development Banks

© 2023 BusinessLogr News Network.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?