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Vijaya Bank suffers Rs 34.53 crore net loss in Q4, dividend at 10 pc

By Staff
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Mumbai, May 5 (UNI) Vijaya Bank has posted a net loss of Rs 34.53 crore for the quarter ended March 31 as compared to a net profit of Rs 155.92 crore for the similar quarter in the previous fiscal.

Announcing the results, the company said its total income is Rs 689.10 crore for Q4 FY 05-06 as against Rs 632.92 crore in Q4 FY 04-05.

The Bank has posted a net profit of Rs 126.88 crore for the year ended March 31 (FY 05-06) as compared to Rs 380.57 crore for the year ended March 31 (FY 04-05). Total Income is Rs 2,680.79 crore for FY 05-06 as against Rs 2,447.98 crore in FY 04-05.

Further, the erstwhile Vibank Housing Finance Ltd (wholly owned subsidiary of Vijaya Bank) was merged with the Parent Bank with effect from August 31 last year. The figures of the previous period / year have been re-grouped and re-classified wherever necessary, excluding of Vibank Housing Finance Ltd.

The Board of Directors have declared a dividend of 10 per cent to the shareholders for the year 2005-06.

UNI SN KU VKG1725

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