The Hindu Business Line : ING Vysya Bank posts lower net

ING Vysya Bank Ltd has reported a net profit of Rs 23.80 crore for the third quarter of this financial year, down from Rs 25.37 crore reported during the second quarter.

The bank reported lower gross income during the period, at Rs 303.82 crore down, from Rs 312.89 crore in Q2. During the period interest on advances dropped to Rs 134.37 crore from Rs 136.68 crore. Trading income fell to Rs 71.38 crore as against Rs 91.89 crore in line with industry trend. The drop was also partly due to changed focus to credit.

During the period overall expenditure also increased.

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