ING Vysya Bank has reported a net profit of Rs. 318.70 crore (after considering additional charge of Rs. 68 crore towards second pension and enhancement of gratuity limits) in the year ended March 31, 2011, against Rs. 242.20 crore in the corresponding period in the previous year, a growth of 32 per cent.
Rs.3 dividend
The board has proposed a dividend of Rs.3 per share against Rs.2.50 per share.
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Total income increased by 17 per cent to Rs.1,661.50 crore from Rs.1,419.30 crore (excluding exceptional item). Net interest income increased by 21 per cent to Rs.1,006.50 crore from Rs.829.80 crore.
Total deposits were Rs.30,194 crore at the end of March 31, 2011, up from Rs.25,865 crores as at the end of March 31, 2010.
Current account and savings account (CASA) deposits grew by 24 per cent to Rs.10,459 crore from Rs.8,427 crore. Gross advances grew by 28 per cent to Rs.24,060 crore from Rs.18,832 crore.
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The credit deposit ratio stood at 78.2 per cent as at March 31, 2011, against 71.6 per cent as at March 31, 2010.
The capital adequacy ratio (CAR) stood at 12.94 per cent against 14.91 per cent in the period under reference.