VIJAYA BANK ANNOUNCES Q2 PROFIT
Q2 NET PROFIT RS. 140 CRORES
Bengaluru. It was a proud day for the bank as the Q2 results for Quarter ending 30th September 2018 were declared today. The results once again reaffirmed the status of the Bank as a Premier Nationalized Bank in the country. Key Highlights of the Q2 results of the Bank are as follows:
Gross Advances up by 36.98% at Rs. 129040 Cr.
Gross Deposits up by 25.47% at Rs. 167628 Cr.
Total business up by 30.23% at Rs. 296668 Cr.
Operating Profit up by 3.39% at Rs. 759 Cr.
Net Profit at Rs. 140 Cr.
Net Interest Income up by 15.58% at Rs. 1166 Cr.
Retail Credit up by 26.67%.
Housing loans portfolio up by 31.13%.
Gross NPA down from 7.06% to 5.86%.
Net NPA down from 4.86% to 3.81%.
Provision Coverage Ratio improved to 62.65% from 59.29%.
CRAR (Basel III) at 13.56% from 13.31%.
CD Ratio improved from 70.52% to 76.98%.