Spreading a cheer today, state-run lender Vijaya Bank reported a surge in its bottom-line numbers for the second quarter of FY12. Vijaya Bank witnessed an improvement in the bank’s asset quality.
The profits of the bank jumped a whopping 42%, while the bottom-line came in at Rs 204 crore due to the back of reduction in staff expenses, as compared to last year.
The bank announced net interest income at Rs 512 crore as against the Rs 487 crore last year. The NIMs too showed a significant improvement in margins with net interest margins coming in at 2.72%, on a quarter on quarter basis.
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The profits of the bank jumped a whopping 42%, while the bottom-line came in at Rs 204 crore due to the back of reduction in staff expenses, as compared to last year.
The bank announced net interest income at Rs 512 crore as against the Rs 487 crore last year. The NIMs too showed a significant improvement in margins with net interest margins coming in at 2.72%, on a quarter on quarter basis.
....more info