State-owned Vijaya Bank has reported 24.54 per cent drop in net profit at Rs 139.94 crore for the quarter ended September 30, 2018. The bank had registered a net profit of Rs 185.46 crore in the corresponding quarter last year.
Total income stood at Rs 3,931.36 crore during the quarter, up 12.28 per cent, from Rs 3,501.31 crore in the year-ago period, Vijaya Bank said in a BSE filing.
The bank’s gross non performing assets (NPA) ratio as on September 30, 2018 improved to 5.86 per cent against 7.06 per cent during the corresponding period last year. Net NPA ratio stood at 3.81 per cent against 4.86 per cent last year.
Shares of Vijaya Bank were trading 5.91 per cent higher at Rs 43 apiece on the BSE.