Vijaya Bank Q4 result, profit up 1.6%

Vijaya Bank on Monday reported a rise of 1.6% in net profit at Rs207.31 crore for March quarter, 2017-18.

The public sector bank had registered a net profit of Rs203.99 crore in the January-March quarter of 2016-17.

Total income during the quarter grew to Rs3,728.22 crore as against Rs3,504.73 crore in the year- ago period, the bank said in a regulatory filing.

Provisioning for bad loans for the quarter was higher at Rs552.91 crore as against Rs344.56 crore in March quarter of 2016-17.

For entire 2017-18, the net profit of the lender however came down to Rs727.02 crore from Rs750.48 crore. Income during the year was slightly up at Rs14,190.45 crore from Rs14,030.72 crore in 2016-17.

Asset wise, bank’s gross non-performing assets (NPAs) reduced to 6.34% of the gross loans at the end of March 2018 from 6.59% as on March end-2017.

In value terms, gross NPAs stood at Rs7,526.09 crore by the end of 2017-18 as compared to Rs6,381.78 crore earlier.

Net NPAs were also trimmed to 4.32% of the net loans (Rs5,021.24 crore) from 4.36% (Rs4,118.16 crore). The provision coverage ratio as on 31 March, 2018 works out to 59.39% (previous year 58.15%), the bank said.

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Vijaya Bank Recruitment for Managers & Clerk Posts 2018

Vijaya Bank has published Advertisement for below mentioned Posts 2018. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.

Posts:

• Manager – Chartered Accountant: 32 Posts
• Passed final examination for Chartered Accountants.
• Minimum 2 years of experience as a Chartered accountant is required. Preference will be given to candidates who are working as officer in a medium/large size Bank / Financial Institution with experience in jobs related to credit appraisals/financial analysis etc. Knowledge of credit risk management will be an added advantage.
• Manager – Law: 21 Posts
• BL (LLB) (Regular Full Time) from a Recognized University.
•  Minimum 5 years of experience out of which 3 years as practising Advocate in Civil Court/DRT dealing with Bank related cases.
• Manager – Security: 4 Posts
• Pass in any Degree from a recognized University.
• Candidates with 5 years of commissioned service in the Army/Navy/Airforce or a Police Officer not below the rank of Asst. Superintendent of Police/Dy Superintendent of Police with 5 years of service/officer of identical rank in Paramilitary forces with 5 years service.

Total No. of Posts: 57 Posts

Age Limit: 20 to 35 Years (45 Years for Manager - Security)

Application Fees:

Rs. 100/- for SC / ST / PWD

Rs. 600/- for Others including OBC

Selection Process: The mode of selection shall be Interview. However, the Bank may reserve the right to conduct Group Discussion/Written test before the interview in case a need is felt. The selection will be based on the performance of the shortlisted candidates in the GD/written test if any conducted and/or personal interview.

How to Apply: Interested Candidates may Apply Online Through official Website.

Advertisement: English | Hindi

Apply Online: Click Here

Important Dates:

• Starting Date of Online Applications: 12th April 2018
• Last Date of Online Applications: 27th April 2018
• Last date for receipt of print out of the Computer Generated On-Line Application: 4th May 2018
• Last date for Receipt of Print out of the Computer Generated On-Line Application (from Far Flung Areas): 11th May 2018

For Clerk Posts: Click Here

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Vijaya Bank said about exposure of Abhijeet Group loans

Vijaya Bank on Monday said it has an exposure of Rs189cr to three Abhijeet Group companies and another Rs719.2-mn to Abhijeet Projects Ltd, which is currently under investigation for a fraud. The statement was in response to a stock exchange query on a media report titled  “ED attaches Rs38.07cr against Abhijeet Group in bank fraud case”.

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Vijaya Bank Q3 result, net profit drops 65%

State-owned Vijaya Bank on Wednesday reported a 65.45% decline in net profit at Rs79.56 crore for the third quarter ended on 31 December 2017, due to rise in provisions. The bank had posted a net profit of Rs230.28 crore in the same quarter a year ago.

The bank’s total income also declined 7.09% to Rs3,450.81 crore in the quarter from Rs3,714.37 crore a year ago, Vijaya Bank said in a BSE filing.

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Vijaya Bank Q2 result, profit rises 20%

Vijaya Bank on Thursday reported 20% increase in net profit at Rs185.46 crore for the quarter ended 30 September, helped by lower expenses. The public sector bank had registered a net profit of Rs154.55 crore in the corresponding quarter of 2016-17 fiscal.

Total income fell marginally to Rs3,501.31 crore for the said quarter from Rs3,516.57 crore a year ago, the bank said in a regulatory filing.

Total expenditure went down 6.05% to Rs2,767.35 crore for the said quarter from Rs2,945.7 crore in the year- ago period.

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Vijaya Bank, Dena Bank eye merger

While there are talks of higher recapitalization for PSU banks, the government is also not dropping the ball on another important issue of consolidation in the banking space. Sources tell ET Now that two mid sized PSU banks are in initial exploratory talks for a possible merger. 

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Vijaya Bank Q1 net profit jumps over 57% to Rs 255 crore

Vijaya Bank today reported 57.5 per cent increase in net profit at Rs 254.69 crore for June quarter owing to healthy growth in retail income aided by a marginal fall in bad loan proportion. 

The public sector bank had registered a net profit of Rs 161.66 crore in the corresponding April-June quarter of 2016- 17 fiscal. 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. 

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Four banks make presentations to Finance Ministry on consolidation plans

Four state-run lenders — Syndicate Bank, Canara Bank, Vijaya Bank and Dena Bank— have made presentations to the finance ministry on their consolidation plans. Government think tank Niti Aayog has also been asked to offer its suggestions on the amalgamation of public sector banks. A senior government official confirmed both developments. 

The government wants fewer, stronger and bigger state-run banks. State Bank of India absorbed five of its associate lenders and the Bharatiya Mahila Bank in April, creating a larger bank that accounts for a quarter of all outstanding loans. 

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