Vijaya Bank Q4 net loss at Rs 34.53 cr | india | Hindustan Times
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Vijaya Bank Q4 net loss at Rs 34.53 cr

Vijaya Bank posted a net loss of Rs 34.53 crore for the quarter ended March 31.

india Updated: May 05, 2006 18:13 IST

Vijaya Bank on Friday posted a net loss of Rs 34.53 crore for the quarter ended March 31, whereas as the net profit was Rs 155.92 crore for the same quarter last year.

The total income of the company was Rs 689.10 crore for the fourth quarter of 2005-06 whereas as the same was at Rs 632.92 crore in the corresponding quarter last fiscal, Vijaya Bank informed the Bombay Stock Exchange.

The Board of Directors has also declared a dividend of Re 1 on shares of Rs 10 each (10 per cent) to the shareholders for the year 2005-06.

For the year ended March 31, the bank posted a net profit of Rs 126.88 crore, whereas as the same was at Rs 380.57 crore a year ago and total income was Rs 2680.79 crore for 2005-06 whereas as the same was at Rs 2447.98 crore in 2004-05.

The wholly owned subsidiary of Vijaya Bank - Vibank Housing Finance Ltd was merged with the Bank with effect from August 31, 2005 and therefore the figures of the previous quarter and the year are not comparable.

The shares of the company closed at Rs 54.20, down 1.90 on the BSE.