Vijaya Bank Q4 profit down 39 at Rs 136 cr

State-owned Vijaya Bank today recorded 39.3 per cent decline in net profit at Rs 135.84 crore for the fourth quarter ended March, 2014.

The bank had a net profit of Rs 224.15 crore in the January-March quarter of 2012-13 fiscal, Vijaya Bank said in a filing to the BSE.

Total income of the bank increased to Rs 3,029.34 crore in the January-March quarter, as against Rs 2,680.20 crore in the year-ago period.

For the entire 2013-14, the bank's net profit slipped by 28.8 per cent to Rs 416.91 crore, compared to Rs 585.61 crore in the previous fiscal.

However, the total income of last fiscal jumped to Rs 11,416.42 crore from Rs 9,658.88 crore in 2012-l3.

As far as asset quality of the bank is concerned, the gross NPAs as a percentage to total advances rose to 2.41 per cent from 2.17 per cent in the same quarter an year ago.

Its net NPAs also increased to 1.55 per cent, from 1.30 per cent at the end of March 2013.

The board of the bank has proposed a final dividend of 10 per cent or Re 1 per share of face value of Rs 10 for 2013-2014.

Vijaya Bank scrip was trading at Rs 41.55, up 0.73 per cent, in the afternoon trade on the BSE.

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