ING Vysya Bank reported an 18.3 per cent decline in net profit at Rs.139.11 crore for the fourth quarter that ended on March 31, 2014 due to rising bad loans and higher contingencies.
The private sector lender has reported a net profit of Rs. 170.30 crore for the corresponding quarter of the previous financial year (2012-13).
"The total income has increased from Rs. 1,454.15 crore for the quarter ended March 31, 2013 to Rs. 1,529.45 crore for the quarter ended March 31, 2014," it said in a filing to the BSE.
Bank's non-performing assets (NPAs) or bad loans rose to 0.28 per cent during the quarter under review, from 0.03 per cent a year-ago.
Gross NPAs were slightly up at 1.77 per cent during the fourth quarter of FY2014 from 1.76 per cent in the year-ago period.
For the full fiscal year that ended on March 31, 2014, the bank's net profit rose to Rs. 657.92 crore from Rs. 613.18 crore a year ago.
Total income increased from Rs. 5,588.33 crore for the year ended March 31, 2013 to Rs. 6,072.06 crore for the year ended March 31, 2014, it said.
The private sector lender has reported a net profit of Rs. 170.30 crore for the corresponding quarter of the previous financial year (2012-13).
"The total income has increased from Rs. 1,454.15 crore for the quarter ended March 31, 2013 to Rs. 1,529.45 crore for the quarter ended March 31, 2014," it said in a filing to the BSE.
Bank's non-performing assets (NPAs) or bad loans rose to 0.28 per cent during the quarter under review, from 0.03 per cent a year-ago.
Gross NPAs were slightly up at 1.77 per cent during the fourth quarter of FY2014 from 1.76 per cent in the year-ago period.
For the full fiscal year that ended on March 31, 2014, the bank's net profit rose to Rs. 657.92 crore from Rs. 613.18 crore a year ago.
Total income increased from Rs. 5,588.33 crore for the year ended March 31, 2013 to Rs. 6,072.06 crore for the year ended March 31, 2014, it said.