VIJAYA BANK: RS 79.56 CRORE NET PROFIT

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Managing Director and CEO Sri R. A. Sankara Narayanan, flanked by Executive Directors Sri B. S. Rama Rai and Sri Y. ra Rao,Nageswara Rao at Vijaya Bank Head Office MG Road in Bengaluru

VIJAYA BANK: RS 79.56 CRORE NET PROFIT

Bangalore: Public-sector Vijaya Bank today reported a net profit of Rs 79.56 crore in the third quarter ended December 31, Net profit gained. However, the profit was down by 65.45 per cent to Rs 230.28 crore compared to the same period last year.
More money is distributed to Provisions, including handling liabilities (NPAs). This has resulted in a net profit margin. On the other hand, the bank’s total income declined by 7.09 per cent to Rs 3,450 crore. Touched. The company had posted a net profit of Rs 3,714.37 crore in the same period last year. Income was recorded. Vijaya Bank has given these details during the BSE filing.

The quantum of money taken out to handle foreclosures and uncertainty grew by 62.35 per cent to Rs 676.92 crore in the third quarter. Touched. It had a net profit of Rs 416.95 crore a year ago. There was.
The bank’s NPA has improved slightly. The growth rate was 6.17 per cent, down from 6.98 per cent in the same month last year. The net NPA is at 3.99 per cent. It was 4.74 percent over the years ago.

The bank’s net profit is at Rs 80 crore, though it has taken a lot of money for the company. The bank is on the right track and has seen growth in all segments. We expect good progress in the fourth quarter. During the last financial year, Rs. The net profit was recorded by the bank. 800 crores by March this year We are aiming for profit. Already Rs 515 crore Reaching target is not difficult.

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