Vijaya Bank has reported
a nearly three-fold jump in net profit to Rs 204 crore for the fourth quarter
ended March 31, 2017. The bank had posted a net profit of Rs 71.31 crore in the
January-March quarter of 2015-16 fiscal, Vijaya Bank said in a regulatory
filing. Total income of the bank rose to Rs 3,504.73 crore in the January-March
quarter as against Rs 3,228.48 crore in the year-ago period.
The board of the
directors of the company have recommended a dividend of Rs 1.50 per share or 15
per cent for 2016-17. As far as asset quality of the bank is concerned, the
gross NPAs as a percentage of total advances declined marginally to 6.59 per
cent from 6.64 per cent in the same quarter a year ago. Its net NPAs also eased
to 4.35 per cent as against 4.81 per cent at the end of March 2016.
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