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This is an archive article published on April 21, 2005

Vijaya Bank net dips by 7% to Rs 380.5 cr

Thanks to lower treasury earnings, Vijaya Bank posted a marginal 7 pc dip in net profit at Rs 380.5 crore for the year ended March 31, 2005 ...

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Thanks to lower treasury earnings, Vijaya Bank posted a marginal 7 pc dip in net profit at Rs 380.5 crore for the year ended March 31, 2005 (Rs 411.3 crore in last year).

It declared a final dividend of 10 pc, taking total dividend for ’04-05 to 25 pc. May 5, 2005, is the record date for the dividend.

Total income also dipped by about 1 pc to Rs 2,448 crore in 2004-05 from Rs 2,466 crore in 2003-04. Deposits grew by 22 per cent to reach Rs 25,618 crore, and there was a growth of 29.30 pc in total advances for the year. In Q4, net grew about 26 pc to Rs 156 crore (compared to Rs 124 crore for Q4 ’03-04). Total income in Q4 in ’04-05 rose to Rs 633 crore from Rs 604 crore in the same quarter in ’03-04.

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