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Vijaya Bank has reported 20 per cent increase in net profit at Rs 185.46 crore for the quarter ended September 30,2017 due to lower expenses.
The public sector bank had registered a net profit of Rs 154.55 crore in the corresponding quarter of 2016-17 fiscal.
According to a BSE filing, total income fell marginally to Rs 3,501.31 crore during the quarter from Rs 3,516.57 crore a year ago. Total expenditure went down 6.05 per cent to Rs 2,767.35 crore from Rs 2,945.7 crore.
Gross non-performing assets (NPAs) of the bank dipped slightly to 7.06 per cent of gross advances as on September 30, 2017 from 7.07 per cent a year ago. Likewise, net NPAs or bad loans fell to 4.86 per cent as a percentage of net loans by September 30 from 5.1 per cent earlier.
Shares of Vijaya Bank were trading marginally up by 0.15 per cent at Rs 66.15 on the BSE.
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