VIJAYA BANK ANNOUNCES Q2 PROFIT Q2 NET PROFIT RS. 140 CRORES

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Vijaya Bank MD & CEO Sri R. A. Sankara Narayanan (centre) announcing the Bank’s Financial Results for the Second Quarter of FY 2018-19 ended on 30.09.2018 at Bangalore on Monday (29.10.2018) in the presence of Executive Directors Sri Y. Nageswara Rao (right) and Sri Murali Ramaswamy.

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%.

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