Vijaya Bank’s total expenditure went down 6.05% to Rs2,767.35 crore in the second quarter from Rs2,945.7 crore in the year- ago periodNew Delhi: Vijaya Bank on Thursday reported 20% increase in net profit at Rs185.46 crore for the quarter ended 30 September, helped by lower expenses. The public sector bank had registered a net profit of Rs154.55 crore in the corresponding quarter of 2016-17 fiscal. Total income fell marginally to Rs3,501.31 crore for the said quarter from Rs3,516.57 crore a year ago, the bank said in a regulatory filing. Total expenditure went down 6.05% to Rs2,767.35 crore for the said quarter from Rs2,945.7 crore in the year- ago period. At 2.00pm, shares of Vijaya Bank were trading 1.98% lower at Rs64.80 on BSE.

Source: Mint October 26, 2017 08:37 UTC