The net profit of Vijaya Bank has gone up due to the advances. In comparison to the second quarter of the last year, the profit was Rs. 123.37 crore, this year it was Rs. 136.22, a profit up by 10.41 per cent. The overall income of the bank also increased, last year it was Rs. 2301.72, however this year, during the same quarter, it was Rs. 2813.66. The EPS increased from 2.49 to 2.75.
Managing Director and Chairman, H.S. UpendraKamath stated that the profits of the bank were due to reason like higher advance returns and the growth of the deposits flat costs. In comparison to last year, the overall deposit cost was 8.13 percent, this year it was 7.89 percent. Similarly, the advance returns came down from 11.67 last year to 11.49 this year. The overall operating profit came up from last year’s figure of Rs. 214.09 crore to Rs. 272.89 crore this year, a hike of 27.47 percent.