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The public sector bank had registered a net profit of Rs 161.66 crore in the corresponding April-June quarter of 2016-17. The company had reported a net profit of Rs 118.44 crore in the corresponding quarter a year ago. Total income stood at Rs 3,598.13 crore, up 35.7 per cent, against Rs 2,652.39 crore in the year-ago period. Total income rose to Rs 3,510.11 crore for the said quarter from Rs 3,295.05 crore a year ago, the bank said in a regulatory filing. New Delhi, July 22: Vijaya Bank today reported a 57.5 per cent increase in net profit at Rs 254.69 crore for the June quarter owing to a healthy growth in retail income aided by a marginal fall in bad loan proportion.
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J&K Bank signals commencement of turn-around, posts net profit of Rs 30 Cr for Q1
GKNNInching closer to turnaround in its bottom-line J&K Bank today reported a gross operating profit of Rs 368 Cr and Net profit of Rs 30 Cr for the quarter ended June 2017. Meanwhile, the Bank reported a total business of Rs 120477 Cr with deposits of Rs 71744 and Advances ofRs 48733 Cr as on June 30, 2017. Notably, the Bank had issued a guidance for 2017-18 being the turnaround year after reporting a loss of Rs 1632 Cr during the last financial year. Notably, the bank has shown improvement in its Net NPA ratio to 4.65 pc. Be it securing a special restructuring package for our turmoil affected borrowers or our capital planning programmes to support our business growth plans, Government of J&K has always been there for us to achieve our humble yet ambitious objectives.The public sector bank had registered a net profit of Rs 161.66 crore in the corresponding April-June quarter of 2016-17. The company had reported a net profit of Rs 118.44 crore in the corresponding quarter a year ago. Total income stood at Rs 3,598.13 crore, up 35.7 per cent, against Rs 2,652.39 crore in the year-ago period. Total income rose to Rs 3,510.11 crore for the said quarter from Rs 3,295.05 crore a year ago, the bank said in a regulatory filing. New Delhi, July 22: Vijaya Bank today reported a 57.5 per cent increase in net profit at Rs 254.69 crore for the June quarter owing to a healthy growth in retail income aided by a marginal fall in bad loan proportion.
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collected by :Jack Luxor
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