ING Vysya Bank - Result Update - Nirmal Bang

- Results were good

- NII increased 9% QoQ and 25% YoY to Rs 402.94 cr

- Profit before provisioning increased 16% QoQ and 25% YoY

- Gross NPA declined 2% QoQ and net NPA declined 60% QoQ reflecting improvement in asset quality

- We continue to maintain our positive outlook on the stock

Source : Equity Bulls

Keywords