ING Vysya Bank is currently trading at Rs. 604.95, up by 5.40 points or 0.90 % from its previous closing of Rs. 599.55 on the BSE.
The scrip opened at Rs. 602.00 and has touched a high and low of Rs. 606.90 and Rs. 597.00 respectively. So far 102301 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 723.15 on 07-Apr-2014 and a 52 week low of Rs. 405.50 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 634.90 and Rs. 576.00 respectively. The current market cap of the company is Rs. 11395.39 crore.
The promoters holding in the company stood at 42.86 % while Institutions and Non-Institutions held 43.16 % and 13.98 % respectively.
ING Vysya Bank reported an 18.11% drop in net profit at Rs 143.40 crore for the quarter ended June 30, 2014, due to higher provisioning for bad assets. The Bangalore-headquartered private sector lender had posted a net profit of Rs 175.12 crore for the corresponding quarter last fiscal year. The bank’s total income grew 3.1% to Rs 690.7 crore as compared to 669.9 in corresponding quarter of the previous year, while the other income slipped by 6.89% to Rs 227.62 crore against Rs 244.48 crore in corresponding quarter of the previous fiscal.
The bank’s Net Interest Income (NII) increased by 8.84% to Rs 463.05 crore from Rs 425.4 crore in the corresponding quarter of the previous year after interest reversal of Rs 20.5 crore in few large stressed accounts. Adjusting for the interest reversals, NII for the quarter increased by 13.7% to Rs 483.6 crore from Rs 425.4 crore in the corresponding quarter of the previous year.
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