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Financial Daily from THE HINDU group of publications Sunday, July 15, 2001 |
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AGRI-BUSINESS CORPORATE NEWS VARIETY INFO-TECH CATALYST INVESTMENT WORLD MONEY & BANKING LOGISTICS |
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Vijaya Bank net up 32 pc
Our Bureau
BANGALORE, July 14
THE public sector Vijaya Bank has notched a 32.8-per cent rise in the net profit for the first quarter of the current financial year over the corresponding period of the last financial year.
A bank release said the net profit for the quarter ended June 2001 amounted to Rs 26.36 crore (Rs 19.85 crore). The gross profit registered a growth of 22.7 per cent to Rs 43.27 crore.
The aggregate deposits was Rs 12,337 crore (Rs 11,209 crore). Gross advances improved from Rs 5,319 crore to Rs 5,869 crore. However, despite the increase in credit, the credit deposit ratio has remained constant at 48 per cent.
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