The Hindu Business Line : ING Vysya Q3 net jumps 198%

A bank release said that the increase was partly driven by exceptional revenues of Rs 18.38 crore from sale of a non-banking asset. Gross profits in the third quarter were Rs 72.35 crore, up from Rs 21.32 crore.

But gross revenues improved to Rs 528.06 crore from Rs 370.87 crore during the corresponding quarter of the last financial year. The improved gross revenues were driven by improved interest and fee-based incomes.

Interest income was Rs 437.69 crore, up from Rs 330.55 crore. Other income rose to Rs 90.37 crore in the third quarter, up from Rs 40.32 crore. Other income also included treasury profits. Profit from treasury income was Rs 46 crore as revealed in the segment-wise revenues.

nterest expenditure was Rs 281.82, up from Rs 207.88 crore. During the same period, the bank’s deposit base grew to Rs 17,870.77 crore, up 24.28 per cent over the corresponding previous quarter.

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