VIJAYA BANK’S OUTSTANDING PERFORMANCE CONTINUES DURING MARCH 2017. NET PROFIT FOR Q4 MARCH ENDED RS. 203 CORES

vijaya bank

Vijaya Bank MD & CEO Dr. Kishore Sansi (centre) speaking to the Press during announcement of Financial Results of the Bank for the year ended 31.03.2017 at Bangalore on 09.05.2017. He is flanked by Executive Directors Sri B. S. Rama Rao (left) and Sri Y. Nageswara Rao in Bengaluru

VIJAYA BANK’S OUTSTANDING PERFORMANCE CONTINUES DURING MARCH 2017. NET PROFIT FOR Q4 MARCH ENDED RS. 203 CORES

Bengaluru. Vijay Bank announced Q4 net Profit is Rs. 203 crores so profit zooms while NPAs are down, net profit increased by 96.56% crores to all time high of of Rs.705.48.Crores, operating profit at Rs. 2421.15 Crores , up by 56.32% from Rs.1548.87 Crores. Other income up by 88.96%, net interest Margin up by 50 bps stood at 2.77% and for Q4 increased by 90 bps to 3.10%, net interest Income up by 27.01%, savings Bank growth is at 28.34%, current deposits grew by 28.34%,, Gross NPA down to 6.59% as at Mar’ 17 from 6.64% as at Mar’ 16, net NPA down to 6.59% as at Mar’ 17 from 4.81% as at Mar’16
Provision coverage Ratio increased to 58.15%, CRAR (Basel) stood at 12.73%, retail advances increased to Rs.29335 Crores up by 23.33% and 30.29% of the gross advances. Branch net work has crossed 2000 reached 2031 branches as at March 2017, Number of ATMs increased to 2001.

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