Bangalore-Based Vijaya Bank Records Net Profit Up 1.6% at Rs 207 Crore

Public sector lender Vijaya Bank on Monday reported a 1.6% increase in net profit at Rs 207.31 in the fourth quarter of 2017-18 compared with Rs 203.99 crore in the same quarter a year ago.

However, for Fiscal 2017-18, the bank's net profit came down to Rs 727.02 crore compared with Rs 750.48 crore in the previous fiscal.

The bank's total income during the quarter grew to Rs 3,728.22 crore as against Rs 3,504.73 crore in the year-ago period.

In a regulatory filing, the bank said that its provisioning for non-performing assets for the quarter stood at Rs 552.91 crore as against Rs 344.56 crore in March quarter of 2016-17.

The bank informed the exchange that the Board has recommended dividend of Rs 1.20 per share.