Vijaya Bank net up 24 percent in third quarter

January 23rd, 2009 - 3:40 pm ICT by IANS  

Bangalore, Jan 23 (IANS) State-run Vijaya Bank Friday reported a net profit of Rs.1.57 billion (Rs.157 crore/$32 million) for the third quarter this fiscal, compared to Rs.1.27 billion a year ago, a growth of 24 percent. Total income for the quarter under review increased to Rs.16.35 billion from Rs.11.39 billion, posting 43.5 percent year-on-year growth.

Interest earned increased 38 percent to Rs.13.77 billion during the October-December period from Rs.9.98 billion a year ago.

Interest expended during the quarter was Rs.10.64 billion as against Rs.8.03 billion in the year-ago period, an increase of 32 percent.

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