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Vijaya Bank’s profit for the quarter ended June 30,2018 has fallen 43% YoY to Rs.144.3 crore.
The bank’s profit in the same quarter last year was at Rs.254.7 crore. Net interest income during the quarter grew by 27.9% to Rs.1,207 crore, while in same period last year it was Rs.944 crore. Gross non-performing assets as a percentage of gross advances were lower at 6.19%, while in the previous quarter it was 6.34% and net NPAs also declined at 4.10%, against 4.32% QoQ.
Further, provisions for bad loans for the quarter stood at Rs.659.4 crore, which increased 18.5%, compared to March quarter and up 55.8% compared to same period last year.
