Vijaya Bank FY05 net down 7.5%

Vijaya Bank has reported a 7.5% decline in net profit at Rs 380.57 crore for the year ended March 31, 2005 when compared with Rs 411.31 crore in FY04.

According to a release issued by the bank to the BSE today, total income declined from Rs 2,465.78 crore in FY04 to Rs 2,447.98 crore for the year ended March 31, 2005.

The bank has posted a net profit of Rs 155.92 crore for the fourth quarter ended March 31, 2005 as against Rs 124.41 crore in Q4FY04. Total income increased to Rs 632.92 crore in Q4FY05 from Rs 604.10 crore in Q4FY04, the release added.

The board has recommended a final dividend of 10% in addition to an interim dividend of 15% - taking the total dividend for 2004-05 to 25%, the release said.