Vijaya Bank Dec quarter net plummets 91% to Rs. 11.39 crore

At the same time, operating expense of the bank rose to Rs. 456.39 crore during the quarter as compared to Rs. 319.18 crore.

As of December 31, bank's portfolio quality improved, with gross NPAs (Non-Performing Assets) rising to 2.67 per cent of gross advances, as against 2.91 per cent a year ago.

Its net NPAs during the third quarter declined to 1.57 per cent, from 1.71 per cent in the period a year earlier.

During the three quarters (April-December) of 2013-14, the bank's net profit declined by 22 per cent to Rs. 280.07 crore, as against Rs. 361.46 crore in same period of 2012-13.

Its total income rose to Rs. 8,387.03 crore for the nine months, from Rs. 6,978.68 crore in the year-ago period. Shares of Vijaya Bank were trading at Rs. 36.55 a piece, down 1.62 per cent on the BSE.