ANALYSIS OF TRENDS IN VIJAYA BANK

abhishreshthaa

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An analysis of trends in working result reveal the following :


1. Despite the falling interest rates, interest income recorded a modest growth of 16.12%. On the other hand, the bank was able to reduce the average cost of deposits significantly from 6.58% in 2002-03 to 5.74% in 2003-04. Consequently, the net interest income recorded 30.2% increase.


2. Non-interest income recorded good growth of Rs.525.7 crore (51.92%) mainly due to increase in profit on sale of investments.


3. The net total income (Net interest income plus non interest income) has increased from Rs.989.41crore to Rs.1363.46 crore recording 37.81% increase.


4. The operating expenses decreased from Rs.557.00 crore in 2002-03 to Rs.497.82 crore in 2003-04.
 
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