The Hindu Business Line : ING Vysya Q4 loss at Rs 25 cr

ING Vysya Bank has posted a net loss of Rs 24.6 crore for the quarter ended March 31, 2006 against a net profit of Rs 4.6 crore it earned for the corresponding period during 2004-05. The Bank's income, however, increased to Rs 357.8 crore (Rs 332.5 crore).

However, the bank posted a modest net profit of Rs 9.06 crore for the year ended March 31, 2006 as compared to a net loss of Rs 38.1crore during fiscal 2004-05. The bank said given the level of profit it had earned it decided not to recommend any dividend .

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