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Vijaya Bank Q4 net profit rises 3-fold to Rs204 crore

Vijaya Bank Q4 net profit rises 3-fold to Rs204 crore
State-owned Vijaya Bank on Tuesday reported a nearly three-fold jump in net profit to Rs 204 crore for the fourth quarter ended March 31, 2017.

The bank had posted a net profit of Rs 71.31 crore in the January-March quarter of 2015-16 fiscal, Vijaya Bank said in a regulatory filing. Total income of the bank rose to Rs 3,504.73 crore in the January-March quarter as against Rs 3,228.48 crore in the year-ago period. The board of the directors of the company have recommended a dividend of Rs 1.50 per share or 15 per cent for 2016-17. For entire 2016-17 fiscal, the bank's net profit nearly doubled to Rs 750.45 crore as compared to Rs 381.80 crore in the previous fiscal.
Agencies

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