ING Vysya Bank reports 34.58% jump in Q1 net profit

ING Vysya Bank Ltd.(Amalgamated) | Bank - Private | BFSI | BSE: 531807 | NSE: INGVYSYABK

22 Jul 2013 Evaluate

ING Vysya Bank has reported results for first quarter ended June 30, 2013.

On standalone basis, the bank has posted a rise of 34.58% in its net profit at Rs 175.12 crore for the quarter ended June 30, 2013 as compared to Rs 130.12 crore for the same quarter in the previous year. Total income has increased by 15.70% at Rs 1553.08 crore for quarter under review as compared to Rs 1342.36 crore for the quarter ended June 30, 2012.

Gross non-performing assets (NPAs) declined to 1.75% in the April-June quarter as against 1.97% in the same quarter previous year while net NPAs decreased to 0.19%.

Peers

Company Name	CMP
HDFC Bank	708.00
ICICI Bank	1379.15
Axis Bank	1247.50
Kotak Mahindra Bank	418.70
Indusind Bank	977.80
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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