VIJAYA BANK Q 1 RESULTS

VIJAYA BANK Q1 NET PROFIT UP 21%.

Operating profit up by 49.81%.
Net profit up by 21%.
Net interest Income grew at 47.88%.
Net interest margin (NIM) at 2.90% Vs 2.33% a year ago up by 57bps.
Total Business at Rs.1,04,621 crores,comprising Rs.62,673 crores as deposits and Rs.41,948 crores as advances.
Capital adequacy ratio (Basel II) at 14.74 %
Gross NPA down from 2.94% to 2.32%.
Net NPA down from 1.58% to 1.35%.

Addressing the Media, Mr.Albert Tauro,CMD of the Bank said," Our core earnings continue to show improvement notwithstanding a somewhat slackened pace of business in the first quarter".