Shares of Vijaya Bank rose over 4% on the BSE. The bank's NII for Q1FY19 has improved by 27.9% yoy to Rs1,207cr as against Rs944cr yoy.The bank has reported Q1FY19 net profit below our estimates (Rs135cr) at Rs144.3cr due to higher provisions, against profit of Rs254.7cr reported in corresponding quarter last year.
Its GNPA for Q1FY19 stood at 6.19% against 6.34% qoq, which has declined by 15bps. NNPA for the quarter came at 4.1% against 4.32% qoq, which has decreased by 22bps.
Vijaya Bank is currently trading at Rs51.90 up by Rs2.05 or 4.11% from its previous closing of Rs49.85 on the BSE.
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