ING Vysya Bank, the private sector lender, reported a fall of 18.11% in first quarter profit. The bank reported a profit of Rs 1.43 billion for the quarter ended Jun. 30, 2014, compared with Rs 1.75 billion, a year ago.
Quarterly income totaled at Rs 16.27 billion, an increase of 4.78% over Rs 15.53 billion in the same period a year ago.
The bank has made provision of Rs 1.01 billion, which was higher by 48% from prior year period.
Net NPA was at 61.50 billion for the quarter ended Jun. 30, 2014, as compared to Rs 62.09 billion in the same period last year, representing an increase of 5.15 times.
In percentage term, net NPAs were at 0.87% at the end of the quarter higher than 0.19% from last year period.
Capital adequacy ratio (CAR) of the bank was at 15.19% as on Jun. 30, 2014.
