| Vijaya Bank, backed by good cash recoveries, posted a net profit of Rs 92.73 crore in the quarter ended December 2006, which is a 57.70 per cent increase over the corresponding quarter of the previous financial year. Total income of the bank also went up by 20.41 per cent to Rs 804.83 crore for the December 2006 quarter. |
| The bank's operating profit for the same quarter stood at Rs 172.23 crore as against Rs 170.98 crore in the December 2005 quarter. Vijaya Bank Chairman and Managing Director Prakash Mallya said the bank recovered cash of Rs 180 crore during the December 2006 quarter, thereby reducing the net non-performing assets to 0.49 per cent as against 0.97 per cent in the previous year's corresponding quarter. |
| Capital adequacy ratio of the bank cae down to 11.31 per cent compared with 12.85 per cent in the period under review. |
| Srei Infrastructure net rises 38% |
| Srei Infrastructure Finance witnessed a 38 per cent rise in net profit in the quarter ended December 2006 at Rs 17.92 crore from Rs 12.96 crore in the corresponding period last year. The turnover of the company went up from Rs 66.71 crore in the December 2005 quarter to Rs 93.93 crore in the December 2006 quarter. |
| Sunil Kanoria, director, Srei, informed the improvement in bottom line and business was largely due its good showing in international mining fare and funding of private container train operation. |
| "We have achieved a business of Rs 330 crore from the mining summit. Besides, we have financed the first private sector container train operator, Inlogistics. Our exposure in this so far is Rs 80 crore," he added. |
Top Section
Explore Business Standard