Vijaya Bank Q1 net profit rises 13% to ₹161.66 cr

BENGALURU: Public sector Vijaya Bank on Friday reported a 13.37% rise in net profit to ₹161.66 crore for the first quarter ended June 30, from ₹142.59 crore in the same period last year, on account of improved net interest margins. Meanwhile, the bank’s asset quality worsened, as its gross non-performing assets (NPAs) rose to 7.31% of gross advances as of June, up from 3.39% a year-ago. Net NPAs stood at 5.42% of net advances at the end of June, almost double from 2.45% a year-ago