Vijaya Bank Q4 Net Profit Falls 26% To Rs 71 Crore

State-owned Vijaya Bank on Thursday reported a 26 per cent decline in net profit to Rs 71.31 crore for the March quarter.

The bank had a net profit of Rs 96.80 crore in the January-March quarter of 2014-15 fiscal, Vijaya Bank said in a BSE filing.

Total income of the bank declined to Rs 3,228.48 crore in the January-March quarter of the 2015-16 fiscal as against Rs 3,408.12 crore in the year-ago period.

For entire 2015-16 fiscal, the bank's net profit slipped to Rs 381.80 crore compared with Rs 439.41 crore in the previous fiscal.

The total income also declined to Rs 12,957.44 crore during the fiscal from Rs 13,152.49 crore in 2014-l5.

As far as asset quality of the bank is concerned, the gross NPAs as a percentage of total advances rose to 6.64 per cent from 2.78 per cent in the same quarter a year ago.

Its net NPAs also increased to 4.81 per cent as against 1.92 per cent at the end of March 2015.

Vijaya Bank said the Board of Directors of the Bank at its meeting held on Thursday has not recommended any dividend on the shares of the bank for the financial year 2015-16.