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ING Vysya Bank net rises 22 %

BANGALORE: ING Vysya Bank has reported a 22 per cent increase in net profit after tax at Rs. 52.10 crore for the quarter ended December 31, 2008, as compared to the same quarter in the previous year. Net interest income went up by 19 per cent to Rs. 172.70 crore. ING Vysya’s Managing Director Vaughn Richtor said, “Our profits are driven by growth in fee income and better interest margins. ” — Special Correspondent

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