Vijaya Bank reports 39% drop in Q4 net profit

Vijaya Bank has reported results for fourth quarter and year ended March 31, 2014. The bank has posted a fall of 39.39% in its net profit at Rs 135.84 crore for the quarter ended March 31, 2014 as compared to Rs 224.15 crore for the same quarter in the previous year.  However, total income of the bank has increased by 13.02% at Rs 3029.34 crore for quarter under review as compared to Rs 2680.20 crore for the quarter ended March 31, 2013. For the full year ended March 31, 2014, the bank has reported a fall of 28.97% in its net profit after tax at Rs 415.91 crore as compared to Rs 585.61 crore for FY13. However, total income increased by 18.19% at Rs 11416.42 crore for year under review as compared to Rs 9658.88 crore for the year ended March 31, 2013.