State-run Vijaya Bank has reported fourth quarter net profit of Rs 54 crore, down 58.8% as compared to Rs 131 crore at March 31, 2010.
Net interest income jumped 65.4% to Rs 478 crore in the quarter ended March 2011 as against Rs 289 crore in same quarter the previous year.
Operating expense shot up more than 112% to Rs 611 crore from Rs 288 crore on year-on-year basis.
Employee cost too increased 110% to Rs 387 crore from Rs 184 crore during the same period.
The bank had made additional provision of Rs 118 crore for employee benefit in the quarter ended March 2011.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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