Vijaya Bank - Q2FY13 Result First-Cut - Microsec

Vijaya Bank Ltd has announced its Q2FY13 result on 5th November 2012.

The bank's total income decreased by 7.65% QoQ and 13.81% YoY to INR533.51 crores. It is mainly because of 12.35% and 20.93% YoY de-growth in its Net Interest Income (NII) and Other Income respectively. Whereas, Profit After Tax (PAT) increased by 10.78% QoQ and decreased by 39.38% YoY to INR123.37 crores.

During the quarter, Bank's loans book and total deposits expanded by 9.71% and 9.50% YoY to INR58888.54 and INR85193.77 crores respectively. On the assets quality front, bank asset quality is still the matter of concern. GNPA and NNPA increased by 32 and 23bps QoQ and 63 and 48bps YoY to 3.17% and 1.90% respectively. Provision Coverage Ratio (PCR) unsatisfactorily stood at the level of 60.80%. However, Capital Adequacy Raito (CAR) is 370bps or 3.70% higher than the regulator stipulated norm.

Source : Equity Bulls

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