Vijaya Bank - Q1FY13 Results First-Cut - Microsec Research

Vijaya Bank Ltd has announced its Q1FY13 result on 25th July 2012. The bank's total income decreased by 8.41% QoQ and 2.34% YoY to INR577.66 crores, backed by the poor growth in its Net Interest Income (NII) and Other Income. Whereas, Profit After Tax (PAT) decreased by 38.54% QoQ and increased by 54.13% YoY to INR111.34 crores. During the quarter bank has reduced its provision amount by 43.57% YoY to INR130.51 crores, which help the bank to boost its bottom line number.

On the assets quality front, bank has improved its NNPA and GNPA by 5 and 88bps QoQ and 18 and 78bps YoY to 1.67% and 2.05% respectively. Moreover, Capital Adequacy Ratio (CAR) satisfactorily stood at 13.10%, which is 4.10% higher than the regulator's stipulated norm. Provision Coverage Ratio (PCR) stood at 64.12%.

Source : Equity Bulls

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