Financial Daily from THE HINDU group of publications
Wednesday, Jul 28, 2004
Financial Daily from THE HINDU group of publications Wednesday, Jul 28, 2004 |
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Money & Banking
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Financial Performance Corporate Results - Public Sector Banks Vijaya Bank net rises 20 pc; provisioning up Our Bureau
Bangalore , July 27 THE State-owned Vijaya Bank reported a net profit of Rs 97.55 crore first quarter of the current fiscal, up 20.58 per cent from Rs 80.90 crore a year ago. Total income of the bank crept up 1.3 per cent to Rs 610.50 crore from Rs 602.68 crore a year ago. The bank reported interest income on advances as Rs 271.90 crore, interest income on investment as Rs 211.20 crore and interest income on balances as Rs 6.31 crore in the June quarter of the current fiscal. Capital adequacy ratio at the end of the June quarter was 14.54 per cent and the bank has made additional provision of Rs 18.21 crore towards bad loans on an estimated basis following change in provisioning norms. The bank holds a floating provision of Rs 171.88 crore above the minimum prudential provision under the RBI norms.
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