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Vijaya Bank posts higher profit

Special Correspondent

BANGALORE: Vijaya Bank has posted a net profit of Rs.144.30 crore in the second quarter ended September 30, 2010, an increase of 33.08 per cent over the previous year. The growth in operating profit was at 26.46 per cent. Chairman and Managing Director Albert Tauro said the 34 per cent increase in net interest income resulted in the net interest margin improving to 3.16 per cent from 2.39 per cent a year ago. The bank's aggregate business was at Rs.1,02,473 crore at the end of the quarter.

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