Vijaya Bank Financial Results for the Quarter ended 30th September 2018
Vijaya Bank MD & CEO Sri R. A. Sankara Narayanan addressing press persons during announcement of the Bank's Financial Results for the half year ended 30.09.2018 (Q2) in the presence of Executive Directors Sri Y. Nageshwara Rao & Sri Murali Ramaswami at Bangalore on 29.10.2018.
Bengaluru 29th October 2018. It was a proud day for the bank as the Q2 results for Quarter ending 30th September 2018 were declared today. The results once again reaffirmed the status of the Bank as a Premier Nationalized Bank in the country. Key Highlights of the Q2 results of the Bank are as follows:
Gross Advances up by 36.98% at Rs.129040 Cr.
Gross Deposits up by 25.47% at Rs.167628 Cr.
Total business up by 30.23% at Rs. 296668 Cr.
Operating Profit up by 3.39% at Rs. 759 Cr.
Net Profit at Rs. 140 Cr.
Net Interest Income up by 15.58% at Rs. 1166 Cr.
Retail Credit up by 26.67%.
Housing loans portfolio up by 31.13%.
Gross NPA down from 7.06% to 5.86%.
Net NPA down from 4.86% to 3.81%.
Provision Coverage Ratio improved to 62.65% from 59.29%.
CRAR (Basel III) at 13.56% from 13.31%.
CD Ratio improved from 70.52% to 76.98%.