Bengaluru. Vijay Bank announced Q4 net Profit is Rs. 203 crores so profit zooms while NPAs are down, net profit increased by 96.56% crores to all time high of of Rs.705.48.Crores, operating profit at Rs. 2421.15 Crores , up by 56.32% from Rs.1548.87 Crores. Other income up by 88.96%, net interest Margin up by 50 bps stood at 2.77% and for Q4 increased by 90 bps to 3.10%, net interest Income up by 27.01%, savings Bank growth is at 28.34%, current deposits grew by 28.34%,, Gross NPA down to 6.59% as at Mar’ 17 from 6.64% as at Mar’ 16, net NPA down to 6.59% as at Mar’ 17 from 4.81% as at Mar’16.
Provision coverage Ratio increased to 58.15%, CRAR (Basel) stood at 12.73%, retail advances increased to Rs.29335 Crores up by 23.33% and 30.29% of the gross advances. Branch net work has crossed 2000 reached 2031 branches as at March 2017, Number of ATMs increased to 2001.