Vijaya Bank reported an 18.14 per cent decline in net profit to Rs 124 crore for the quarter ended December 2011 from Rs 152 crore during the corresponding quarterlast year.
Its net interest income also declined slightly to Rs 475 crore in the third quarter,due to an increase in interest expenses,as well as reversals of some interest receivables following restructuring of two major accounts that had turned into NPAs.
Net NPAs stood at Rs 997 crore in Q3 up from Rs 599 crore y-o-y.
BoB profit up 21,NPAs jump 40
Mumbai: Bank of Baroda BoB reported a 21 per cent increase in net profit to Rs 1,289.8 crore for the quarter ended December 2011 as against of Rs 1,068.8 crore in the year-ago period. Gross NPAs increased to Rs 3,895.08 crore as on December 31,2011 from Rs 2,770.25 in the year-ago period.
Biocon Q3 net drops by 16
BANGALORE: Biocon reported a 16 per cent fall year-on-year in net profits for the quarter ended December 31,resulting from a sharp slide in licensing income. Profit after tax PAT was down to Rs 85 crore against Rs 101 crore in the corresponding quarter last fiscal,while earnings per share fell to Rs 4.2 from Rs 5.
Union Bank Q3 net drops 66
Mumbai: Union Bank of India posted a 66 per cent slump in third-quarter net profit mainly on increased provisioning and depreciation on investments. Net profit for the quarter ended December 31,2011 was Rs 197 crore as compared to Rs 580 crore in the year-ago period.