10% hike in the stable cost of Vijaya Bank deposits
By Neelima Shankar
Nov 13, 2013
Print    Email    RSS   

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.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Some New Ways to Save on Your Car...
A general guide to Auto Insurance
Factors affecting car insurance premium
Must have add-ons for luxury car insurance
Tips to reduce Auto Insurance Premium

How to know Andhra Bank account holder name and...
SK AFTAB AC/ NO:33316067146 IFC CODE : SBIN0001792...
last six months statement

New endowment plan launched by PNB met life Feb 18, 2015
Yes bank bagged High performance award 2014. Feb 13, 2015
Banks may strike at February end Feb 4, 2015
Reliance industries to enter in to banking in association with the SBI Feb 3, 2015
OBC bank reported a drop down in its net profit Jan 30, 2015
News Archive