Vijaya Bank has announced results for the quarter and year ended March 31, 2011.The bank has reported a decline of 58.58% in its net profit of Rs 54.23 crore for the quarter ended March 31, 2011 as compared to Rs 130.92 crore for the quarter ended March 31, 2010. Total income has surged by 15.88% to Rs 1751.66 crore for the quarter ended March 31, 2011 where as the same was at Rs 1511.67 crore for the quarter ended March 31, 2010.
For the year ended March 31, 2011, the bank’s net profit increased marginally by 3.25% to Rs 523.82 crore as compared to Rs 507.29 crore for the year ended March 31, 2010. Total income of the bank has rose by 8.45% to Rs 6377.24 crore for the year ended March 31, 2011 from Rs 5880.10 crore for the year ended March 31, 2010.
Vijaya Bank has recommended a dividend of Rs 2.50 per share on bank’s equity share capital and at 7.75% per annum on Perpetual Non Cumulative Preference Share Capital (PNCPS) of the Bank payable of Government of India for the Financial Year 2010-2011.
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