Vijaya Bank Q4 net profit falls 26% to Rs 71 cr

Public sector lender Vijaya Bank on Thursday reported a 26 per cent decline in net profit to Rs 71.31 crore for the March quarter. The bank had a net profit of Rs 96.80 crore in the January-March quarter of financial year 2014-15, the lender said in a filing to the BSE.

Total income of the bank declined to Rs 3,228.48 crore in the quarter, against Rs 3,408.12 crore in the year-ago period.

For entire financial year, the bank’s net profit slipped to Rs 381.80 crore compared with Rs 439.41 crore in FY15.

Total income also declined to Rs 12,957.44 crore during FY16 from Rs 13,152.49 crore in FYl5.

As far as asset quality of the bank was concerned, gross non-performing assets (NPAs) as a percentage of total advances rose to 6.64 per cent from 2.78 per cent in the corresponding quarter a year ago.

Net NPAs also increased to 4.81 per cent, against 1.92 per cent at the end of March 2015.