ING Vysya Bank - Q4FY12 Result First Cut - Microsec Research

ING Vysya Bank Ltd has announced its Q4FY12 along with Annual FY12 result on 24th April 2012.

On the quarterly basis, the bank's total income grew by 4.56% QoQ and 17.59% YoY to INR516.03 crores whereas, Profit After Tax (PAT) grew by 6.58% QoQ and 39.53% YoY to INR127.39 crores. For the whole year of FY2012, the bank's total income increased by 13.06% YoY to INR1878.2 crores whereas, Profit After Tax (PAT) increased by 43.32% YoY to INR456.36 crores mainly, because of decline in Provision and Contingencies by 24.98% YoY to INR113.73 crores.

On the assets quality front, the bank has improved its assets quality, NNPA and GNPA stood at 0.18% and 1.92% decreased by 21 and 38bps YoY. Moreover, the bank is in well position to tame any time liabilities with 90.67% of its Provision Coverage Ratio (PCR). The Bank's Capital Adequacy Ratio (CAR) stood at 14%.

Source : Equity Bulls

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