The bank’s total income also declined 7.09% to Rs3,450.81 crore in the quarter from Rs3,714.37 crore a year ago. Photo: MintNew Delhi: State-owned Vijaya Bank on Wednesday reported a 65.45% decline in net profit at Rs79.56 crore for the third quarter ended on 31 December 2017, due to rise in provisions. The bank had posted a net profit of Rs230.28 crore in the same quarter a year ago. The bank’s total income also declined 7.09% to Rs3,450.81 crore in the quarter from Rs3,714.37 crore a year ago, Vijaya Bank said in a BSE filing. During the quarter, Vijaya Bank’s provision (other than tax) and contingencies grew by 62.35% to Rs676.92 crore as against Rs416.95 crore in the year-ago period.

Source: Mint January 24, 2018 07:52 UTC